10 Oct 2007 11:09 AM:

Hi - as I understand it Spain has a double taxation treaty with the UK - which means that you do not pay tax twice. The only time you will pay extra tax is if the tax rate (where you are due to pay tax) is more than that you have already paid (I hope that makes sense !!). If you come from the UK - you will undoutably be domiciled in the UK for tax purposes and due to pay  (UK)taxes on all your worldwide income.

Spanish residents get exemptions from Wealth Tax (on their main residence). But you must hold a residents card. If you do not have this they take the total value of the assets - property, money in the bank etc - deduct any mortgage you have - and presupposing everything is jointly owned between husband and wife - the value is divided equally between you. The tax is them charged (for each of you) on this net sum.

I hope this helps

 

Thread: Fiscal help... Gestor?

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10 Oct 2007 10:38 AM:

There are a number of Spanish taxes to concern you:-

(1) Wealth Tax - which is based on your net (of mortgage and loans) assets in Spain. However Residents get certain exemptions in respect of their main residence

(2) Property Owners income tax

Both the above are very easy to calculate - your Spanish bank may even have the computer programme set up by the Spanish tax authorities to help you with your submission. Alternatively get a copy of David Searls book 'You and the Law in Spain' - published by Santana Books of Fuengirola. However before you can pay these you need receipted copies of your most recent IBI invoice (see below)

(3) IBI  and Basura - the garbage collection - (your rates - payable to the local town hall 'Ayaumiento'). If you are having a problem with this go to the Foreigners Department in the town hall for help.

If you have a Gestor or Abogado do this for you they will charge about 150euros for this service. Remember that both husband and wife must complete individual returns.

I hope this will be of some help to you.

Thread: Fiscal help... Gestor?

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