The "Beckham clause" refers to different rules named after David Beckham: in MLS, it's the Designated Player Rule allowing big salaries outside the cap (or a loan clause for off-season play); in Spain, it's a tax law letting foreigners work there with a flat tax rate; and recently, a travel company used it for a family holiday refund.
The Beckham Clause allows players to go on short-term loans, usually lasting two to three months, to clubs in Europe, South America, or Asia.
Follow. The Beckham Law is a special tax regime in Spain that allows certain foreign workers who move to the country to pay a reduced rate of personal income tax (IRPF) for a limited period of time.
The rift between Victoria Beckham and Nicola Peltz reportedly began with wedding dress drama in 2022, escalating into broader family tensions involving Brooklyn Beckham, with accusations from Brooklyn about his parents' control and alleged mistreatment, leading to a severe breakdown in communication despite some public efforts to reconcile. Key issues include Victoria not designing Nicola's Valentino gown (with conflicting accounts on why), Victoria allegedly hijacking the couple's first dance, and Brooklyn claiming financial pressure and lack of support from his parents.
To benefit from the Beckhams Law, you'll need to meet a few key requirements. Here's what you must have in place: You must not have been a tax resident in Spain for the five years prior to moving. You must relocate to Spain for work purposes (e.g. with a job offer, intra-company transfer, or digital nomad visa).
For qualifying U.S. expats, Spain's Beckham Law offers something rare in international tax: simplicity and savings. A flat 24% tax rate on Spanish income—and no Spanish tax on your global earnings—can mean thousands saved over six years. But making it work means understanding more than just Spanish tax law.
While Spain does offer some exemptions on capital gains tax (CGT) for the sale of a main residence, there are strict conditions:
In 2022, it was reported that the fashion label was £54 million in debt. The total losses since the VB brand launched reached £66 million.
Nicola Peltz is so rich primarily due to her billionaire father, Nelson Peltz, a renowned investor and founder of Trian Fund Management, with his own fortune estimated at over $1.6 billion; however, she also has her own acting and modeling career, lucrative fashion deals, and comes from a wealthy family with significant real estate holdings, contributing to her substantial personal wealth, estimated around $50 million.
Just to be clear - I'm happy living in America but have no intention of becoming a US citizen. "I'm English and proud to be. That will never change." In an interview with the Los Angeles Times, Beckham was reported to have said "it would be nice" to get citizenship in the States.
One of the main disadvantages of opting for the Beckham Law is that certain exemptions and deductions available under the general regime of the Personal Income Tax (IRPF) do not apply. Firstly, taxpayers under the Beckham Law cannot benefit from the exemptions of Article 7 of the IRPF Law.
Non-residents, however, are taxed only on their Spanish-sourced income. Although the U.S. and Spain have a tax treaty, U.S. expats in Spain can face double taxation due to the U.S.'s citizenship-based tax system.
Within the documentary, David Beckham opened us about his struggles living with obsessive compulsive disorder (OCD).
Spain's Beckham Law offers a unique tax break for foreign professionals moving to Spain. If you qualify, you can pay a flat 24% tax rate on Spanish-sourced income—rather than Spain's standard progressive rates that reach as high as 47%. And for many U.S. expats, this means serious tax savings.
The documentary includes footage of what appears to be a business meeting with investor David Belhassen, who stepped in to rescue Victoria's fashion company in 2017 through his firm Neo Investment Partners. By then, the brand was tens of millions of dollars in the red despite critical acclaim and design awards.
Sleep is key for her self care now
At the time, she was getting between five and six hours of sleep a night. "I like to get as much sleep as I can. But when you're a mummy, you kind of—well, it would be nice," Beckham said.
It allowed sellers to claim CGT exemption for the final 36 months of ownership, even if they had moved out. However, this was reduced to 18 months in 2014 and further to 9 months in 2020, which remains the rule today. This general law is in place as it prevents short-term transaction benefits concerning taxation.
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Capital gains tax in Spain over 65 years
If you are 65 years old or over, it does not matter if the amount of money you get from selling the property will be reinvested into your new home or not. You won't need to pay this tax.