As there is no minimum stay in Gibraltar for Category 2 residents, there always exists a danger that the Category 2 resident may become tax resident elsewhere. It is therefore important to review the individuals global tax position before becoming Category 2 resident in Gibraltar.
Tax articles
Below is a selection of articles on Gibraltar and Spain. If you need any further help or advice please do not hesitate to contact us directly.
Gibraltar
The article below summarises the personal tax system in Gibraltar and also deals with (in detail) the Category 2 status.
Tax adviser article published August 2009
The link below gives a summary of Gibraltars corporate and personal tax systems. It is worth noting that the new 10% corporate tax rate has now been introduced.
2008 Gibraltar tax chapter
Spain
The following article below covers the "impatriados" or "Beckham" law as nicknamed by some. This is a special tax residency regime in Spain aimed at attracting professional sports people and relocated executives.
Beckham law article published 2011
UK
The article below is a brief summary on the UK residency rules for individuals leaving the UK.
UK residency article for individuals leaving the UK published December 2010
For more articles please see our sister site www.foresightconsultancy.com