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Those lacking a visa and/or residency may be in danger of breaching EU visitor rules British tourists and second-home owners cannot exceed the 90-day limit outside of the UK post-Brexit, but Spain has dismissed reports that those breaking the law will be immediately deported. Although the latest visitor rules do not apply to British nationals who are lawfully settled in the EU, a large number of unregistered British citizens in Spain are likely to be affected by regulations, writes Leon Fernando Del Canto, international tax barrister and founder of Del Canto Chambers. Many British expats living in Spain have not registered their residence and those who cannot prove they were resident before 31 December 2020 face a 90-day deadline to leave the country. ....
Investors look to European countries for ‘a superior quality of life and a safe haven for assets’ The New Year has been accompanied by a new national lockdown in the UK. Add to this our official departure from the EU, and a number of wealthy individuals are looking at relocating overseas and operating their businesses from sunnier climates, while maintaining economic ties to the UK, writes Leon Fernando Del Canto, founder of international tax law firm Del Canto Chambers. Rumblings about the introduction of a wealth tax to pay for Covid lockdowns certainly don’t help. Is it any wonder then that people are reflecting on how to reduce the stresses and strains of these events on both a personal and professional level? The reflections of high net worth (HNW) individuals are often resulting in the desire to live abroad. ....