Are you planning a move to Spain from the UK? Moving post-Brexit involves far more than just picking a destination and buying a property—improper sequencing and lack of advance tax planning can lead to unexpected tax liabilities on both sides of the border.

In this episode, Matt and Paul from Fiduciary Wealth Management dive into the crucial steps and timing you need to consider before making your move to Spain. From understanding the UK Statutory Residence Test to managing property sales and restructuring pensions, learn how to navigate the complex cross-border financial landscape seamlessly.

Key Discussion Points:

• Visa Requirements & Post-Brexit Rules: [01:17] Understanding visa options, local tax registration, and why British nationals can no longer simply land and establish residency without a strategy.
• The UK Statutory Residence Test (SRT): [01:57] How ties and the number of days spent back in the UK affect your tax status.
• Selling Your UK Property: [02:41] How to maximize UK Private Residence Relief (PRR) and avoid severe Spanish capital gains tax traps.
• Navigating Misaligned Tax Years: [04:00] Understanding the differences between the UK tax year (April to April) and the Spanish tax year (calendar year).
• Restructuring Pensions & Investments: [06:47] Why transferring pensions post-move can trigger a 25% Overseas Transfer Charge, and how ISAs/investments are taxed once you become resident in Spain.
• The Ideal Planning Timeline: [10:07] Why you should start your relocation and financial planning at least 12 to 18 months before your move.

Takeaways & Advice:"Spain might not be a tax haven, but advance planning and proper timing can save you from paying unnecessary higher tax rates."Connect With Us:If you're planning your move to Spain and need personalized cross-border financial advice, reach out to the team at Fiduciary Wealth Management.

• Website: Fiduciary Wealth Management
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