Financial planning can save you money

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Fiduciary Wealth
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Fiduciary Wealth
Time you made a decision to get your house in
order and rearrange your financial affairs
properly. If you are looking for financial
planning or tax planning from a wealth management
firm calling us on Tel [phone] 
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Fiduciary Wealth
This time last year you could have been forgiven
for thinking that the idea that the Spanish tax
authorities would be closing in on expatriates
was all a load of nonsense and just an exercise
to worry people into taking some action to
rectify their tax affairs.
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Fiduciary Wealth
Well since last year a good deal has happened
that might well disturb any complacency that
might have set in. We have already had a tax
amnesty and then the introduction of Modelo 720
both of which by all accounts were spectacularly
unsuccessful in trying to flush out the
whereabouts of undisclosed offshore assets.
Hacienda is not giving up that easily and to
counter this apparent non- compliance with
regulatory requirements the authorities are now
employing several thousand more tax inspectors a
large proportion of whom will specifically target
UK expats.
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Fiduciary Wealth
However this may not even be necessary as Spain
has recently signed an agreement with other EU
countries including the UK to share personal
financial information regarding its residents and
nationals. Furthermore the UK having already
agreed an exchange of information with the
Channel Islands has also reached out to a number
of offshore jurisdictions such as Cayman and BVI
to conclude similar arrangements. All of this is
happening prior to the likely revision of the EU
Savings Directive which is likely to include a
much wider range of financial instruments within
it scope as well as a look through facility for
offshore companies and trusts.
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Fiduciary Wealth
You can now have a situation where the expat
resident who is beneficiary of an offshore trust
holding assets in an offshore bank account could
well be reported to Hacienda via the UK
authorities without ever knowing where the
information came from.
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Fiduciary Wealth
You can now have a situation where the expat
resident who is beneficiary of an offshore trust
holding assets in an offshore bank account could
well be reported to Hacienda via the UK
authorities without ever knowing where the
information came from.
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Fiduciary Wealth
We have moved into a new area of tax transparency
with all governments desperately keen to collect
revenue and prove to their counterparts that they
are taking the issue of non-disclosure more
seriously than their neighbours.
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Fiduciary Wealth
Of course most people will think that this has
nothing to do with them and their financial
affairs are all perfectly straight forward.
Thats great but we also come across a number of
people who have chosen to keep their assets
hidden from the authorities and who think they
will be immune to examination or else they just
bury their heads in the sand hoping the problem
will go away.
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Fiduciary Wealth
Unfortunately we cannot change the past. What we
can do however is help you put your affairs in
order moving forward so that your assets are not
exposed to the risks of non-disclosure and that
they are held in a totally transparent way that
will not alert the tax authorities.
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Fiduciary Wealth
To discuss the way forward make an appointment to
discuss your financial planning or tax planning
or investments and pensions with a certified
financial planner specialising in wealth
management at a location near you. Tel
0034956796911 or email enquiries_at_fiduciarywealth.e
u.
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Fiduciary Wealth
If you are looking for financial planning or tax
planning from a wealth management firm speak to
one of our certified financial planners today by
calling us on Tel [phone]  or email
wealth_at_fiduciarywealth.eu.Visit http//www.fiducia
rywealth.eu
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Contact Us
45 Welbeck StreetLondonW1G 8DZEnglandTel 44
207 998 0570 email enquiries_at_fiduciarywealth.eu