Spanish Wealth Tax & Solidarity Tax: What HNW Residents and Expats Need to Know in 2025
Andy Buchanan explains the impact of Spain’s Wealth and Solidarity Tax on HNWIs and how to plan effectively in 2025
Andy is a highly experienced financial services professional and joined Skybound Wealth Management from a major European Wealth Management business, bringing with him considerable industry knowledge and expertise.
Andy is a highly experienced financial services professional and joined Skybound Wealth Management from a major European Wealth Management business, bringing with him considerable industry knowledge and expertise.
Born in Edinburgh, Andy relocated to the North East of Scotland, where he completed his education and began his career with Clydesdale Bank before progressing into Financial Planning as an IFA. He spent 25 years in Aberdeen advising HNW clients, predominantly in the Oil and Gas sector, with Clydesdale Bank, Sedgwick (Barclays) and RBS prior to moving to Europe.
In 2010 he joined Blevins Franks, a European Tax and Wealth Management business and whilst living in Cannes, looked after a portfolio of HNW clients on the French Riviera from St Tropez, to Monaco and the Italian Border before transferring within the business to Spain in 2014.
For the last 10 years Andy has worked on the Costa del Sol and in Eastern Spain, managing a network of branches and advising clients who are looking to retire or relocate to Europe, whilst continuing to look after his UK clients.
With a base in both the Mijas/Marbella area and in Scotland, he brings extensive knowledge of cross-border strategic financial planning, wealth management, taxation, and estate planning. Andy is committed to delivering personalised financial strategies that align with his clients' lifestyles and long-term goals whether they are based in the UK, Europe or Globally.