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Nigel,
I would suggest you take professional advice.
As you will have read, if one gets it wrong the fines are high (I think starting from 5,000 €) and ignorance is no defence.
Incidentally, the form 720 is I believe only accessible on-line and one needs to have a ‘registration number’ to be able to complete and submit it. Thus the ‘man in street’ will need to use a gestor or similar.
,
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Hi John
Many Thanks for the advice.
I know you can do it online but very cumbersome as the code you get from the Internet you have to take to your local Tax Office from where you are given another code to input into your Model 720 Form. All too complicated for me.
I will get professional advice rather.
Regards
_______________________
Nigel
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Unless he gets a "registration number" or a digital ID. Its very simple to do. You can obtain one from here
http://www.cert.fnmt.es/index.php?cha=cit&sec=4&page=34&lang=en
You just enter your NIE, take your proof of identity etc to the local registration office. They will give a an electronic code, which you enter into the certificate that you can then download, and it installs on your pc. When you access the model on the Hacienda website, it checks your computer, finds the certificate, and allows you access.
I've had one for about 5 years.
This message was last edited by kathyslad on 23/02/2013.
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Yes, just as I said, not really for the ‘man in the street’ who in any case would feel more secure (as indicated by Nigel) if they use a professional service to, hopefully, guide them down the right lines and avoid the possibility of a hefty fine, should they get it wrong.
Even though I believe I have a reasonable understanding of taxation in general, for a few euros, I will certainly be using my usual gestor.
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Nigel-according to Blevin Franks, you do.
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Nigel, as you have been declaring your income, making the declaration should not affect you in any way.
The problem may arise for those who have substantial assets overseas, which have been returning profits which have not been declared.
Also, those who have been employed all their lives on a modest wage, but who have assets way beyond that income.
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johnx-even though crown pensions are only taxable in Spain, do you not have to mention them?
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j
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johnx-even though crown pensions are only taxable in Spain, do you not have to mention them?
I assume you meant UK Crown Pension are ONLY TAXABLE in UK.
I don’t understand why you think he should mention them here.
This message was last edited by elaineG on 23/02/2013.
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You took the words out of my mouth.
Campo such pensions are ignored in by the Hacienda.
It means that those who have a Crown Pension get tax relief in the UK on that pension and tax relief on other income, which is taxable in Spain. In effect it means the OAP does not get taxed as it is below the taxable (tax relief) level in Spain.
This message was last edited by johnzx on 23/02/2013.
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I have been told that although crown pensions are only taxable in UK you still have to tell the Hacienda you have one!
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I have been told that although crown pensions are only taxable in UK you still have to tell the Hacienda you have one!
Not so. And the same applies to Spanish crown pensioner living in UK
This message was last edited by johnzx on 23/02/2013.
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