Espana manana

SPAIN IS CHOSEN by many in the UK as a country for holidays a place to own a second residence and somewhere warm to retire. Paradoxically despite having a very stable economy and reasonable living standards Spain has not been successful in attracting executives to relocate their place of residence. This is partly because of a very onerous tax residence concept which has recently been improved to allow greater mobility for expatriates and impatriados a new word used in the Spanish tax jargon to define executives taking residence in Spain.

Sport analysts were probably among the first to notice the changes in legislation by seeing a considerable influx of international footballers taking Spanish residence. It is believed that the Government was under considerable pressure from football clubs to define a more flexible concept of residence to benefit international footballers moving to Spain.

Footballers apart...