News & Insights

Yes, we DO sell you something – Peace of Mind!

So, What Do We Do, You Might Ask?!

Well it´s quite obvious from the above that we can never be absolutely protected against this happening, but what we must do and can do is to check out thoroughly and diligently the Wealth Management company or Financial Adviser that we trust and take advice from. If they do not have a proven track record, longevity and experience within the financial services industry then surely we are handicapped from the start?

Unfortunately, it is far too easy in our internet driven society to believe the hype and marketing that can transform a small start-up company into a GIANT company on screen – but where´s the back up and proof that they will be around to support us if and when we need them in the future?

You owe it to yourself and your family to carry out your OWN due-diligence checks so that you have taken every possible precaution to protect yourself. At Blacktower we can offer you 32 years of continuous growth, commitment and dedication to providing clients with the BEST possible advice which will always be in their interests. I think it´s fair to say that if we hadn´t been doing that we wouldn´t still be here talking about it, would we?

Blacktower Financial Management has been established for over 32 years and has worked with clients through the good and the bad times, offering sound, independent financial advice, we will be by your side both now and in the future.

Other News

BLACKTOWER VIEW – Keith Littlewood in Murcia and Costa Cálida

Spanish and British mugsKeith Littlewood is Blacktower Financial Management’s Regional Manager covering Murcia and Costa Cálida. As an international financial adviser of around thirty years’ experience and an expat of more than five years in Spain, Keith is ideally-placed to help expats negotiate the process of becoming an expat and can help them understand just what it means to be a fiscal resident in the country.

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More Taxing Times Ahead

From April 6th this year, individuals who do not spend sufficient time in the UK, or have insufficient ties with the UK to be resident there for tax purposes but who nonetheless own a home in the UK, may now need to pay capital gains tax (CGT) on any gains arising on the eventual sale of the property. 

How will the tax work?

Only gains made from 6th April 2015 are taxable in calculating the gain on the property disposal i.e. non-UK resident property owners will substitute the value of the property as at 6th April 2015 for its actual acquisition cost, thereby rebasing the value to its market value as at that date. Alternatively, property owners may elect to calculate the gain by using the actual acquisition cost but paying tax only on the time-apportioned post-5th April 2015 part of the gain.

If the non-resident usually files a UK self assessment tax return any gain must be included in the appropriate year’s return, otherwise any tax must be paid within 30 days of completion.  Non-residents will continue to be exempt from CGT on disposals of commercial property and other assets.

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