A lawyer will be required to assist you with legal checks and compliance for the property and guidance through the purchase process to ensure your purchase is legally fully secured. We have worked with our chosen partners for a number of years and found their service to be both friendly and efficient.
There are a range of Institutions who can provide financial products linked to property purchase. We have specialists we can refer to for more detailed guidance and options, whatever your scenario it is worth asking that question even if you have previously been refused finance. Having a background in complex financial deals it enables us to ask the right questions to link you to the solution provider for you.
You may wish to find out about the effect property purchase in Gibraltar may have on your tax position. This is especially salient when either moving from or dealing with more than one tax location. Whether this is related to rental income or dual taxation we have companies who specialise in this area and have a wealth of experience to assist you.
There are a number of residency options available in Gibraltar.
Designed to encourage wealthy individuals to choose Gibraltar as their preferred fiscal centre, this scheme can mitigate tax liability for High net worth individuals. The Category 2 status affords special tax allocations on worldwide income. We have seasoned specialists who would be pleased to discuss the advantages and benefits of this scheme and the requirements for qualification.
A tax scheme specifically designed with special tax band allocations to encourage highly qualified workers to relocate to Gibraltar as a preference.
The government issue residency status, upon application, which offers healthcare and local benefits as well as online access to government services. We can assist with the paperwork for these applications under the re-location scheme provider services.
You may wish to consider the option of placing a property in a company name or a trust or just wish to find out how these structures may be able to benefit you and your family both now and in the future. Clients with companies already in other jurisdictions find this particularly relevant.
There is a myriad of documentation that requires completion when moving properties and countries. From the residency application, utility applications to importing a car. We have relocation specialists who can assist to smooth this paperwork processing.
When purchasing a property in a new country, a review of your will is advised. A Gibraltar Will can deal with issue of the distribution of Gibraltar assets to avoid potential additional future costs and complications. Our company partners in Gibraltar have the local legal knowledge to advise and assist.
For clients with complex multi jurisdiction situations, who need specialist advice, we can refer you to a Family Office team, who can monitor and administer your portfolio, and advise on key issues. The team are highly qualified, offering clients bespoke solutions to benefit from current legislation, economic and financial changes.
Due to the tax applied to pension income in Gibraltar differing from the UK, a pension review would be advisable to find out if relocation can bring about any future benefit.
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