What the ledger is telling us
Exposure findings, risks and recommendations in one queue, ranked critical first. Every item opens on the facts it was derived from — nothing here is typed by hand.
sphera-wealth-management-advisory
Because Lucas is ineligible for Beckham (prior Spanish residence 2020–2022), he is already taxed under standard IRPF on worldwide income and subject to Spanish wealth tax — a Beckham repeal changes nothing for him. His 25% beneficial interest in Duarte Global Ltd (DIFC) and its US portfolio is already fully within Spanish charge. This is the contrast case: the same move that shields Mateo leaves Lucas exposed today.
Lucas cannot access Beckham because of his 2020–2022 Barcelona residence within the 5-year window. Plan on standard IRPF worldwide taxation from 2024 and Spanish wealth tax on his 25% beneficial interest in Duarte Global Ltd. Consider whether deferring the Spanish move or restructuring his holding would have been preferable — documented here for defensibility.
Helena is UAE tax resident (no personal income tax and no wealth tax). A change to the Spanish Beckham regime has no effect on her position despite her 25% beneficial interest in Duarte Global Ltd. Included to show the traversal correctly excludes non-Spanish-resident members.