Real Madrid have stunned the World of football, or soccer, by announcing a series of transfer coups. Their signings of Kak’a for 70 million Euros followed by Ronaldo for 95 million Euros give or take a million and depending on the exchange rate, is supposed to send a message out about the brand.

So how is it that Real Madrid can spend these vast quantities of money? There is one reason that is obvious, a reelected megalomaniac chairman who refuses to see his mistakes of the past. Mainly though it is The Beckham Law that attracts them whatever Ronaldo may say about dreaming of playing for Madrid etc…

What is the Beckham Law then? Well check out the Wikipedia description for Beckham Law. This means that the set tax rate of 25% can be applied for up to six years avoiding the higher tax rates in the UK and Italy. With high tax rates at 50% maximum in the UK expect to see a flood of players opting to go to Spain rather than the Premier League stating that it has always been their ambition to play there, they have been fans since the year dot etc… This is plainly not true. To put it simply tax is why they come. It is only natural to want to save up to 50% on taxes I suppose.

How can this effect you? Well if you come to work in Spain earning a high salary with a Spanish company then you can opt into the Beckham Tax Rates for up to six years. You are required to spend over half the year in Spain which is not too great a cost. So if you are planning to come to Spain then think of setting up a company here beforehand and then give yourself a contract here.

Then of course you need to buy a property with the amazing amount of saved tax to give yourself a good investment. The prices at the higher levels are standing up to the World economic crisis and Spain’s first 30 million Euro villa has just been started on Mallorca. For more information on tax, Spanish property sales and much much more get in touch with houses for sale in Spain. You can save an absolute fortune on your Spanish property purchase.