Spanish Sicav’s Are in the Line of Fire

Date:

Spanish Sicav's Are in the Line of Fire

Author: Gabriela Huerta

  1. Under scrutiny following allegations that wealthy individuals are obtaining tax advantages through them
  2. Investors using Sicavs or investment funds pay 1% tax on capital gains as long as they hold their investment
  3. Spain’s Sicavs are generally linked to family groups
  4. More than 120 Spanish Sicavs have merged with an investment fund so far this year