Scornik Gerstein LLP

05/10/2026

Profit extraction planning does not end with choosing between salary, dividends or bonuses.

If you may sell your company in the future, the decisions you make today could affect its structure, value and the options available when you exit.

In the latest article in our Profit Extraction from Your Company series, we explore:

✅ Business Asset Disposal Relief.
✅ Succession planning.
✅ Share sales compared with asset sales.
✅ Strategies for maximising business value before a sale.

Discover why your long-term objectives should be considered when developing your company’s remuneration strategy:

https://scornik.com/blog/profit-extraction-from-your-company-week-7-planning-for-a-future-business-disposal

31/08/2026

Herencias en Inglaterra: lo que todo heredero residente en España debe saber

Cuando una persona fallece dejando bienes en Inglaterra y sus herederos viven en España, la tramitación puede resultar especialmente compleja.

El proceso puede exigir la intervención de los tribunales ingleses para obtener el certificado sucesorio correspondiente, así como un análisis de la ley aplicable, las reglas de reenvío, las obligaciones fiscales y los requisitos necesarios para inscribir los bienes en España.

Una diferencia fundamental es que, bajo el sistema inglés, el heredero no asume personalmente las deudas del fallecido. No obstante, la protección concreta dependerá de la ley aplicable y de las circunstancias de cada sucesión.

En esta guía analizamos los principales pasos y riesgos que deben tener en cuenta los herederos residentes en España.

https://scornik.com/es/blog/herencias-en-inglaterra-lo-que-todo-heredero-residente-en-espana-debe-saber

Cada vez más ciudadanos españoles mantienen vínculos con el Reino Unido: familiares que emigraron hace décadas, parientes británicos con los que se comparte línea sucesoria, o propiedades adquiridas en territorio inglés. Cuando una persona con bienes en Inglaterra fallece, sus herederos resid...

31/08/2026

A loved one owned property in Spain. What happens next?

For heirs and executors living abroad, dealing with a Spanish villa, apartment or investment property after a death can involve much more than transferring the title.

The applicable law may depend on where the deceased was habitually resident, whether they made a valid choice of law in their will and whether Spanish forced-heirship rules apply. There may also be important tax, debt and registration issues to consider.

Our latest article provides a practical overview of the main legal considerations when inheriting Spanish property from abroad.

Read the full guide:
https://scornik.com/blog/inheriting-property-in-spain

20/08/2026

Could Benefits in Kind improve your remuneration package?

Company cars, private medical insurance, mobile phones and other non-cash benefits can provide valuable advantages to directors and employees.

However, not all benefits are tax-free. Some may create Income Tax for the individual, Class 1A National Insurance for the company and additional reporting obligations.

In Week 6 of our Profit Extraction Series, we explain the key tax and commercial considerations, including:

- Electric and petrol company cars
- Private medical insurance
- Beneficial loans
- Employer-provided mobile phones
- Corporation Tax and VAT
- Changes to mandatory payrolling

Read the full article to understand how Benefits in Kind may fit into a wider remuneration strategy:

https://scornik.com/blog/profit-extraction-from-your-company-week-6-benefits-in-kind

29/07/2026

Bonuses can be a useful way to extract profits from your company - but are they always the best option?

In Week 5 of our series, we look at how bonuses work, how they are taxed, and when they might be the right choice for directors.

If you’re considering how to structure your income efficiently, this guide can help you understand the key points.

Read the article here:
https://www.scornik.com/blog/profit-extraction-from-your-company-week-5-bonuses

16/07/2026

Did you miss the deadline to apply for Spanish nationality under the Democratic Memory Law?

If your parent successfully obtained Spanish nationality as a Spanish citizen of origin, you may still have an option to live in Spain.

There is a residence permit of up to 5 years available based on the family relationship (Article 94.1.h of the Immigration Regulations), without the need to prove financial dependency or cohabitation.

In our latest article, we answer key questions and explain who may benefit from this route.

Find out more here:
www.scornik.com/blog/missed-the-ley-de-memoria-democratica-deadline

The Ley de Memoria Democrática (Democratic Memory Law) represented an important opportunity for thousands of descendants of Spaniards around the world to recover their connection with Spain and acquire Spanish nationality.

15/07/2026

New article on our website: Director’s Loan Accounts and the risks directors should know about.

DLAs can be a helpful short-term cash-flow tool, but if they are not managed properly they may lead to tax charges, benefit-in-kind issues and HMRC enquiries. We look at the main pitfalls and the key steps to stay compliant.



https://www.scornik.com/blog/profit-extraction-from-your-company-week-4-directors-loan-accounts

10/07/2026

Another successful outcome for our Immigration and Litigation teams.

Scornik Gerstein LLP has secured a favourable judgment before the High Court of Justice of Madrid, overturning the refusal of a Spanish Non-Lucrative Residence Visa based on criminal record issues.

The Court confirmed that the visa should be granted and ordered the Spanish State Administration to pay the legal costs. This case highlights the importance of a careful and lawful assessment of every visa application.

01/07/2026

One of the most tax-efficient ways to extract profits from a company is through employer pension contributions.

- They may reduce Corporation Tax.
- They do not usually trigger Income Tax at the time of payment.
- They do not usually attract employee or employer National Insurance Contributions.
- They help build long-term retirement wealth.

For owner-managed businesses, pension contributions can be a powerful part of an overall remuneration strategy. They are especially useful when combined with salary and dividends in a balanced, forward-looking plan.



https://scornik.com/blog/profit-extraction-from-your-company-week-3-pension-contributions

26/06/2026

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