Change to capital gains tax for owners of properties in Spain
There has been a change in the tax laws in Spain which means that all property owners are now to be treated equally with capital gains tax at 18% of the declared gain. If a resident is aged 65 years or over they are exempt from this tax, as long as they have lived in [...]
Dubai joins LA and Florida as $64 billion Universal Studios theme park announced
Not to be outdone by Abu Dhabi, which recently announced a deal to create a multi-million dollar spin-off of France’s famed Louvre museum, fast growing Dubai, a destination longing to position itself as a global tourist destination, has announced that a Universal Studios theme park will form part of a wider Universal development costing over [...]
Dubai to host 2009 Rugby Sevens World Cup
Dubai has won the right to host the Rugby World Cup Sevens in 2009 and the tournament will be the first to incorporate a women’s competition, the International Rugby Board (IRB) announced yesterday. The Gulf state beat off stiff competition from Australia as well as bids from the Netherlands, Russia and the United States to [...]