U.S.- Spain Dual Taxation Issues: Spain's Taxation of Income, Capital Gains, and Wealth; Beckham's Law
Analyzing the U.S.-Spain Income Tax Treaty, Treaty Benefits, and the Saving Clause
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will address dual taxation issues in the U.S. and Spain for residents of both or either country and their tax advisers. Our panel of U.S.-Spain taxation experts will explain how to analyze the U.S.–Spain Income Tax Treaty for benefits available to expatriates and dual residents; the Spanish tax regime for income tax, capital gains tax, and wealth tax; and additional reporting obligations for taxpayers spending time in both countries.
Outline
- U.S.– Spain dual taxation issues: an introduction
- Residency rules
- U.S.
- Spain
- Spain's taxation framework
- The Spanish Beckham Law
- Cross-border taxation
- Pensions and retirement plans
- Wages
- Real property
- U.S.-Spain Income Tax Treaty
- Spanish Inheritance and Gift Tax
- Other U.S. reporting requirements
- Other compliance issues
Benefits
The panel will review these and other critical issues:
- How the saving clause in the U.S.-Spain Income Tax Treaty affects treaty benefits
- Which taxpayers are eligible for the Spanish Beckham Law?
- How pensions and retirement plans are taxed to expatriates in the U.S. and Spain
- Spain's income tax rules for taxing income, capital gains, and wealth
- U.S. international information reporting requirements for foreign financial assets in Spain
Faculty
Austin C. Carlson, CPA
Partner, CPA
Gray Reed & McGraw
Mr. Carlson brings unique skills and perspectives to every area of his practice, which includes complex tax planning... | Read More
Mr. Carlson brings unique skills and perspectives to every area of his practice, which includes complex tax planning for domestic and international transactions, real estate fund and joint venture tax and corporate representation, and tax counsel on mergers and acquisitions. He helps companies (domestic and international) and individuals structure corporations, LLCs, partnerships and nonprofit entities, achieve their transactional tax and corporate planning goals, and successfully resolve tax controversies with the IRS and state taxing authorities. Mr. Carlson also has substantial experience with all types of foreign account and income disclosure issues including the Streamlined Filing Compliance Procedures and Delinquent International Information Return Submission Procedures.
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Carlos Gimeno Masià
Attorney, International Tax Manager, Private Client Services
BDO Spain
Mr. Masià is an Attorney, International Tax Manager, Private Client Services for BDO Spain.
| Read MoreMr. Masià is an Attorney, International Tax Manager, Private Client Services for BDO Spain.
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Mishkin Santa, JD, LLM, TEP
Principal, Director of International Tax
The Wolf Group
Mr. Santa focuses his practice on repatriation tax, as well as individual income tax compliance, estate, gift &... | Read More
Mr. Santa focuses his practice on repatriation tax, as well as individual income tax compliance, estate, gift & trust tax compliance, FBAR Assistance, foreign trust tax compliance, exit tax planning, EB-5 investor program, international assignment structuring and planning, offshore voluntary disclosure programs, foreign corporation (Subpart F, Transfer Pricing, E&P Studies), and asset protection planning. His client base includes U.S. citizens living overseas, U.S. nonresidents, EB-5 investors, U.S. domestic individuals and families, international businesses, international based families with investments in multiple jurisdictions and tax residency in multiple jurisdictions, U.S. citizens or residents who are beneficiaries of foreign trusts and who will receive gifts or inheritances from non-US persons, and trustees of trusts with U.S. grantors or U.S. beneficiaries.
