Expats lose homes in tax avoidance scheme

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    Profile photo of Mark Stücklin
    Mark Stücklin
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    This is a sad story.

    More than 20 British retirees resident in Spain are taking legal action against the Rothschild financial services group, accusing it of fraudulent advertising for complex financial packages designed to avoid paying inheritance tax on their homes, which they now stand to lose. A court in Denia has since summoned Baron David Rothschild, the chairman of Rothschild bank, to answer questions in relation to its investigation into the alleged fraud.

    http://elpais.com/elpais/2014/10/31/inenglish/1414757329_859856.html

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