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WELCOME
We have provided financial services to the expatriate community in Spain for 25 years and are members of the AIF (Asociación de Asesores, de Inversion y Financiacion de Cataluńas No. 1156).
Our client base ranges from the very cautious to the aggressive investor.
Consult us for independent, honest advice based on extensive ongoing research and considerable experience.
Our News Page has the latest information of interest to the expatriate in Spain and the offshore investor.
Contact us for confidential advice without obligation.
Toby Carpenter
E Mail:
toby@cvcarpenterassociates.com
chris@cvcarpenterassociates.com
Tel: 00 34 96 579 1694
Fax: 00 34 96 579 5113
Mobiles:
Toby 00 34 609 812 285
Chris 00 34 699 845 971
For detailed information on our many services for the expatriate, please contact us: toby@cvcarpenterassociates.com
THE EUROPEAN SAVINGS TAX DIRECTIVE
In simple terms the directive aims to stamp out tax avoidance on ‘Savings Income’ by individuals resident in any EU country by either the automatic exchange of information between tax authorities in respect of interest paid cross border to individuals or, the imposition of a withholding tax on savings income, part of which is then passed back to the EU member state in which such individuals are resident. In the withholding tax option, no information regarding the taxpayer will be passed to their country of residence. The withholding tax on savings income is as follows:
From 1 July 2005 to 2008 15%
From 1 July 2008 to 2011 20%
Thereafter 35%
There are a number of alternatives open to the investor to mitigate the effect of this tax.
Consult us for confidential advice and explanation of the options involved.
For a copy of the Directive please contact us: toby@cvcarpenterassociates.com
UNIVERSAL PORTFOLIO BOND
The Universal Portfolio Bond (UPP), sometimes called an Insurance Wrapper, administered by an independent authority, is an ideal investment vehicle for the expatriate and has much to offer in tax mitigation.
It will accept most investments including stocks and shares, deposits in an approved currency, fixed interest securities, unit trusts and mutual funds.
Secure internet communications enable daily valuations which offer the opportunity to move funds with minimum cost.
Please contact us: toby@cvcarpenterassociates.com
THE CAPITAL BUILDER
We have various Managed Funds ideal for the cautious investor, where profit can be rolled over to provide good growth or drawn down for income leaving capital intact.
Please contact us: toby@cvcarpenterassociates.com
TRUSTS
A trust can simplify the management of your wealth and pass it on to your beneficiaries without the need for probate.
Please contact us: toby@cvcarpenterassociates.com
PROPERTY
Whilst property funds have performed well over the last five years, the recent problems with sub prime mortgages has caused lack of confidence in the property market.
As it will take some time for the full effect to be clear, we believe that this sector of the market is not a suitable investment at this time.
We are in touch with a number of companies running both Property Funds and Real Estate Investment Trusts and will revise our advice when the market settles.
Please contact us: toby@cvcarpenterassociates.com
HEDGE FUNDS
Care must be taken in selecting Fund Managers who have had experience with Hedge Funds as the selection of the underlying investments is of major importance. They were traditionally regarded as higher risk profile.
Please contact us: toby@cvcarpenterassociates.com
ALTERNATIVE INVESTMENTS
The term Alternative Investments is generally taken to indicate that there is no index against which the fund may be judged. Many such funds are invested in Bonds or Government Securities throughout the world.
The fund´s movements could be effected by political, climatic or other factors. In many instances the bonds could be in volatile areas of the world, Far East, South America etc., and in view of this it will be appreciated that they carry a higher risk profile.
Please contact us: toby@cvcarpenterassociates.com
EUROBONDS
For the cautious investor, we are associated with two major investment banks specializing in Income Bonds.
Please contact us: toby@cvcarpenterassociates.com
INHERITANCE TAX
Consult us for your ineritance tax planning.
We can provide investments potentially out of scope of inheritance tax.
Please contact us: toby@cvcarpenterassociates.com
PENSIONS
For expatriates who become entitled to pensions, considerable time and effort can be involved in claiming their pension due to problems involved in discussing details with UK based organisations.
In most cases, what is known as the "market option" means that quotations can be obtained from firms other than those with whom contributions were made and, in many cases, better results obtained. Also, by taking a reduced pension, a lump sum can be taken tax free.
For the investor, we have a very versatile pension plan available with a major provider.
Please contact us: toby@cvcarpenterassociates.com
UNITED KINGDOM WILLS
C V Carpenter & Associate offers help with UK wills and works in conjunction with our Spanish Lawyers to afford its clients the best advice.
Please contact us: toby@cvcarpenterassociates.com
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