According to new research taken by the Homebuyer and Property Investor Show, Spain did not even make the top five in the survey, which looked at eight factors to decide where retirees got the best deal. According to researchers, people think they will pay less tax when they move to Spain but are not aware that they will have to pay wealth tax as well. Retirees are also liable to pay inheritance tax on assets passed from husband to wife and vice versa, and the rate can be as much as 30 per cent. And while the poll gave Spain a culture score of eight out of ten, this is only if>
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you are prepared to learn Spanish. Without learning the lingo, however, the culture score drops to a disappointing three points. Cyprus came top, scoring highly on income tax, inheritance and property tax, property prices and ease of buying a home, health, climate and culture. Also in the top five were Belize, France, Panama and Italy.
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