UK and Spanish tax

[Angleseyite]

And me!!  

[byrney]

Thanks for helpful info Tets.

You have just confirmed precisely why I pay for a professional to do all that stuff for me.!

[PandJ]

Thank you Tetley for the info much appreciated
Peter

[Tetley]

Hi I have a property in Arboleas and considering locating permanently next year and have been trying to understand the Spanish tax system
As over 65 the allowance is 6,700 euros but it also states that if your income is below 12,450 euros there is a further allowance.
I can’t find anything which tells you what this allowance value is Can anyone confirm please
peter

take your yearly income,transfer the income on the daily ECB Rate ie gain march 1 the ecb £ to euro rate of the gain/income march 1  example
pension payment to day  £ declare at todays ecb transfer rate .9062

Ad all your income & gains rates up to a yearly total example 15000euro ,made of of intrest,pensions ect from jan1 to dec 31

then enter your details and your spouse onto this  tax estimation site


and it will give you a ball park ,the site asks ages,dependents ect.

also you need a trained established spanish  Assor but if they do make a mistake ,its your problem not theirs as you sign a disclamer with the tax office to let some one else handle your tax affairs

if your tax affairs are straight forward and you have a digital signature /clave you will be able to do your own return online if you wish.


if your thinking of moving out.... suggest do it now wile your rights are protected under the withdrawal agreement as next year will be min income  visas approx 26k plus 6k for spouce  and possibly very expensive medical cover,if you want to stay for more than 30 days in a row.

[lmj52]

It is annoying when you employ someone who is supposed to know what to do and gets it wrong, particularly if they have been recommended by someone. As has been stated the buck stops with you.
I met with 2 accountants in Spain to do my returns. I walked out of one meeting as it was obvious the person had no idea. The second one was ok, but was unable to sort the Uk side, so they did the Spanish return Andy I did the Uk one.
Finally this year I found someone who knows both the Uk and Spanish systems well.
Good luck.

[PandJ]

Hi I have a property in Arboleas and considering locating permanently next year and have been trying to understand the Spanish tax system
As over 65 the allowance is 6,700 euros but it also states that if your income is below 12,450 euros there is a further allowance.
I can’t find anything which tells you what this allowance value is Can anyone confirm please
peter

[Floss]

Talk to all the folk who didnt declare their state and LG pension on their tax forms those found to not have done it received fines and tax bills going back 4 years when the tax office decided to check back.
Its so simple you must declare all your earnings and tax paid in the UK if you are a resident.

Have a good day

[byrney]

As I have said repeatedly before.

I declare ALL my income to the Spanish Tax Authority together with the amount of Tax I pay.

Can you therefore please tell me what you think I am doing wrong?

And, had you done the same, what did you do wrong (according to the Spanish Tax Authority)?

[fredup]

No it doesn't. Under the Dual Taxation Agreement.
My State Pension is completely separate to my LG Pension for which I am taxed in the UK.
Of course I declare my LG Pension to the Spanish Tax Authorities together with the Tax I pay In the UK.

You have to show the Spanish Tax Authorities every income you earn each year no ifs no buts and that includes your LG pension state pension and any income your earn from everything that produces earnings.
If you happen to make a mistake yourself or your adviser does do not expect any sympathy from the Hacienda they will go back in time for in our case 4 years resulting in well over 9000 euros in fines and taxes,all do to our wonderful tax adviser  who were recommended on this Forum who was hopeless. (Dual taxation ) well a least the Uk tax authorities understood the meaning and thanks to them we got it sorted but still out of pocket re fines.
So all i will say is make sure the people you use do know what they are about because i can assure you the Hacenda once on your tail wont let go and you wonderful tax accountant wont give a s**t because he not to blame,crazy but true.

This was also the experience shared by my friend but his final figure was just over 10,000 euros.
regards
Fred

[Floss]

No it doesn't. Under the Dual Taxation Agreement.
My State Pension is completely separate to my LG Pension for which I am taxed in the UK.
Of course I declare my LG Pension to the Spanish Tax Authorities together with the Tax I pay In the UK.

You have to show the Spanish Tax Authorities every income you earn each year no ifs no buts and that includes your LG pension state pension and any income your earn from everything that produces earnings.
If you happen to make a mistake yourself or your adviser does do not expect any sympathy from the Hacienda they will go back in time for in our case 4 years resulting in well over 9000 euros in fines and taxes,all do to our wonderful tax adviser  who were recommended on this Forum who was hopeless. (Dual taxation ) well a least the Uk tax authorities understood the meaning and thanks to them we got it sorted but still out of pocket re fines.
So all i will say is make sure the people you use do know what they are about because i can assure you the Hacenda once on your tail wont let go and you wonderful tax accountant wont give a s**t because he not to blame,crazy but true.

[Cartron]

Nice reply Imj52 , just leave them to it .
Its what they do.  Stay Safe.

[lmj52]

King anyone I have helped it would be via pm. I certainly would not discuss that with an ignorant person like yourself.

At last a response! So you are saying I am ignorant and therefore my interpretation is wrong, but you're not prepared to say why! What a nice person you are!

You have criticised many on here, belittling them. You expect me to help you?
This is my last response to you, and no I’m not going to help you at all.

[King]

.

[lmj52]

King anyone I have helped it would be via pm. I certainly would not discuss that with an ignorant person like yourself.

[byrney]

I have no personal predicament

That is in your mind.

I am quite happy with my personal tax advice.

I prefer to defer to my paid for Tax Advisor, rather than you.

Enjoy your 100k LG Pension...... Allegedly.

[King]

.

[byrney]

But was this to do with Dual Taxation, or failure to declare their actual assets to the Spanish Tax Authorities?

[Lynden]

If peoples fiscal representatives have inadvertently made a declaration error the client could now be  on the Agencia Tributaria radar with 5 years worth of back tax, fines and interest to pay as happened to my friend after an advisor pension mistake.

regards

Fred.

Very true Fredup. I know 2 in Alfoquia who had the same problem. It’s crazy that you pay someone to do this work, they get it wrong, but you pay the price. Try telling the Hacienda you acted in good faith.

[fredup]

If peoples fiscal representatives have inadvertently made a declaration error the client could now be  on the Agencia Tributaria radar with 5 years worth of back tax, fines and interest to pay as happened to my friend after an advisor pension mistake.

regards

Fred.

[byrney]

Well, you might be right If I had a 100k pension.
Which I have nowhere near that.
Maybe you do and hence you prefer to live under the UK (or is that Ireland) radar?
Happy days.

[King]

.

[byrney]

No it doesn't. Under the Dual Taxation Agreement.
My State Pension is completely separate to my LG Pension for which I am taxed in the UK.
Of course I declare my LG Pension to the Spanish Tax Authorities together with the Tax I pay In the UK.

[King]

.

[byrney]

My pension is under the Spanish Tax threshold.
I pay my taxes in the UK under the Dual Taxation regulations.
Thanks for your concern.

[King]

.

[byrney]

The advice I get from my Tax Adviser is that I do not (unfortunately!) have sufficient income to pay any tax in Spain.

Rather than you being jealous of me, maybe I should be jealous of you with having properties in both the UK and Spain.....but, then I assume you are liable for tax in Spain as well.

[King]

The UK and Spanish tax systems are very different. Filling in a Spanish tax form will be quite daunting if you are not familiar with the language and the system. More so if you have income from overseas.
By all means have a go yourself but be prepared for very little or no help from the Hacienda and at least one trip to Almeria.
Good luck and let us know how you get on!

Yes, I think you've hit the nail on the head. Filling in a Spanish tax form is inevitably daunting, if not impossible for foreigners unless fluent in Spanish.

So, most people are paying for someone to do a bit of number crunching in Spanish! Lets be honest, there is no tax advice! You just have to hope that your chosen number cruncher has entered the data in the correct boxes!

[King]

.

[byrney]

I just prefer to pay the â,¬160 per annum (for both of us) for professional help to complete our Spanish Tax Returns and receive legal advice when required.

Unfortunately, unlike some very clever people, I do not know enough Spanish to take me through the Spanish Tax system.

As I have said before, and seemingly unlike many others on here, I am prepared to pay the price, take the advice, and trust them!

I certainly wouldn't have my car serviced and then take it to the ITV station to make sure they've done it properly - and they talk about ME wasting money......

[invercone]

The UK and Spanish tax systems are very different. Filling in a Spanish tax form will be quite daunting if you are not familiar with the language and the system. More so if you have income from overseas.

By all means have a go yourself but be prepared for very little or no help from the Hacienda and at least one trip to Almeria.

Good luck and let us know how you get on!

[King]

.

[doreen1]

IMJ52, I didn’t mean to imply you didn’t give correct advice, sorry if that’s how it sounded . It’s just you can only advise on what people tell you, if you know what I mean.

[lmj52]

I have replied to specific questions via pm. I was a fully qualified financial adviser and tax specialist, so a “professional “.
I will make no further comment on this subject.

[doreen1]

Does this not bring home to people that PROFESSIONAL advice is necessary??? IMJ52 has sent messages to people with, I expect general advice which is great.
K, gleaning info from forums doesn’t make it the correct info, really just hearsay.

Have a great day and if you are not tax compliant sort it out tomorrow 😘

[King]

.