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Search: Posts Made By: CapnBilly
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Forum: Spain
Sep 26th 2018, 1:24 pm
Replies: 64
Views: 39,853
Posted By CapnBilly

Re: Questions on running a Ltd company as a Spanish resident

Technically the relief is available for both. The relief is for any personal tax paid on dividends, which can be upto 10% in the UK. With regard to corporation tax, unless I have misunderstood your...
Forum: Spain
Sep 25th 2018, 6:05 pm
Replies: 64
Views: 39,853
Posted By CapnBilly

Re: Questions on running a Ltd company as a Spanish resident

Dividends in Span are treated as savings not general income.

The taxation of dividends in the UK changed in 2016, and are now paid gross. You receive an allowance and pay tax on the excess.
...
Forum: Spain
Apr 28th 2018, 4:50 pm
Replies: 3
Views: 2,172
Posted By CapnBilly

Re: Working for UK Company from Spain, Tax Advice!

As I understand your original post, you are still working for the UK company, but from your home in Spain.

Once you are tax resident in Spain, you are required to declare the UK earnings in...
Forum: Spain
Apr 5th 2018, 1:39 pm
Replies: 18
Views: 6,469
Posted By CapnBilly

Re: Spanish inheritance tax on uk estate for brit living in Spain.

The first problem you have is that inheritance tax (IHT) is due within 6 months of the date of decease. So, you are likely to incur a fine and interest charges.


IHT is declared on a separate...
Forum: Spain
Mar 23rd 2018, 7:04 pm
Replies: 15
Views: 1,644
Posted By CapnBilly

Re: Spanish Bank Acc

IIRC I registered for online banking last year to apply, and the first question was “how long have you been resident in Spain”. I emailed customer services, and they said it was only for residents.
...
Forum: Spain
Mar 23rd 2018, 5:23 pm
Replies: 15
Views: 1,644
Posted By CapnBilly

Re: Spanish Bank Acc

Its fairly standard practice in the UK to open an account online, mainly because they can check your ID using Passport/Driving Licence etc and cross check with other information such as credit...
Forum: Spain
Mar 23rd 2018, 3:49 pm
Replies: 15
Views: 1,644
Posted By CapnBilly

Re: Spanish Bank Acc

If you have a sterling current account with Barclays, and are UK resident, then you can now open a Euro current account with them, although you have to go into a branch. You can make SEPA credit...
Forum: Spain
Mar 5th 2018, 11:53 pm
Replies: 2
Views: 1,395
Posted By CapnBilly

Re: HMRC Certifcate of Tax Residency

I think they were referring to Article 4 in the Double Taxation Agreement.

In terms of the letter of confirmation, my understanding is that you submit a written request for a certificate of fiscal...
Forum: Spain
Feb 1st 2018, 10:39 am
Replies: 15
Views: 1,589
Posted By CapnBilly

Re: Theoretical question on retiring early

‘Sin Recursos’ is the same scheme.
Forum: Spain
Jan 31st 2018, 9:14 pm
Replies: 15
Views: 1,589
Posted By CapnBilly

Re: Theoretical question on retiring early

It is possible to receive a pension in Spain with less than 15 years, providing you have contributions in the UK (or EU/EAA), but the way it is calculated in Spain means you may receive more than you...
Forum: Spain
Jan 31st 2018, 6:25 pm
Replies: 15
Views: 1,589
Posted By CapnBilly

Re: Theoretical question on retiring early

I’m afraid this is incorrect.

Under the EU Social Coordination Directive they add your contribution years in both countries, upto the maximum number of years required for a full pension. This...
Forum: Spain
Sep 12th 2017, 6:52 pm
Replies: 17
Views: 3,220
Posted By CapnBilly

Re: Opening a Spanish Bank Account

You can't apply online if you are non resident. You have to visit the office with your documentation, including a Certificate of Non-Residence. You obtain this from your local Oficina de Etranjeros...
Forum: Spain
Aug 19th 2017, 10:21 pm
Replies: 56
Views: 5,659
Posted By CapnBilly

Re: UK STATE PENSION

Not quite sure how you reach that conclusion.
Forum: Spain
Aug 18th 2017, 6:38 pm
Replies: 56
Views: 5,659
Posted By CapnBilly

Re: UK STATE PENSION

I think the bottom line is that if you have sufficient contribution years then you're in the same position you would have been if they hadn't introduced the new scheme.

Having said that somebody...
Forum: Spain
Aug 18th 2017, 6:13 pm
Replies: 56
Views: 5,659
Posted By CapnBilly

Re: UK STATE PENSION

But it doesn't matter because even if they did that your starting pension would still only be the basic state pension plus any accumulated SERPS as I explained. The only difference might be that your...
Forum: Spain
Aug 18th 2017, 5:38 pm
Replies: 56
Views: 5,659
Posted By CapnBilly

Re: UK STATE PENSION

It doesn't really work like that. SERPS started in April 1978, and that stage companies could choose if they wanted to contract their scheme out, in which case they had to guarantee your minimum...
Forum: Spain
Aug 18th 2017, 12:42 pm
Replies: 17
Views: 3,220
Posted By CapnBilly

Re: Opening a Spanish Bank Account

There are some banks that will accept a "Certificate of Non-Residence", downside is that you have to trundle down to the police station, or Oficina de Extranjeros if you have one. It not too bad if...
Forum: Spain
Aug 15th 2017, 6:04 am
Replies: 56
Views: 5,659
Posted By CapnBilly

Re: UK STATE PENSION

Not sure about your calculation Steve, the figure you quote is for 5 years contributions, not 6, and payback is always just under 4 years at basic tax rate, and just over 5 years at top rate.
Forum: Spain
Aug 13th 2017, 10:11 pm
Replies: 56
Views: 5,659
Posted By CapnBilly

Re: UK STATE PENSION

In summary, generally If you were contracted out, because you were a member of a private scheme, then you (and your employer) paid reduced NI contributions. Consequently you did not build up any...
Forum: Spain
Jul 14th 2017, 9:37 pm
Replies: 6
Views: 881
Posted By CapnBilly

Re: Living in Spain, commuting to UK for work - Tax/SS question

As far as I know the A1 form is to prove that you dont need to pay social security in the country where you are living, but is only needed when you are posted as a worker temporarily. There's some...
Forum: Spain
Jul 14th 2017, 4:42 pm
Replies: 12
Views: 831
Posted By CapnBilly

Re: Inheritance tax query

Setting aside that the allowances in Andalucia changed at the start of January ( now 100% relief upto €250,000 for Group 1/2 beneficiaries, and €200,000 if inheritance is more than €250,000 but less...
Forum: Spain
Jul 14th 2017, 3:45 pm
Replies: 6
Views: 881
Posted By CapnBilly

Re: Living in Spain, commuting to UK for work - Tax/SS question

Under the circumstances you describe, I believe your company acountant is correct. Note, you should obtain an S1 so that you are covered for health in Spain. There's some information here...
Forum: Spain
Jul 11th 2017, 7:07 pm
Replies: 8
Views: 631
Posted By CapnBilly

Re: voluntary non-resident income tax filing 2016

Where you pay tax when you are a resident of one country working in another is generally determined by Double Tax Agreements (DTA) between countries. Most DTA's contain a clause covering this, which...
Forum: Spain
Jun 30th 2017, 10:06 pm
Replies: 7
Views: 932
Posted By CapnBilly

Re: 11 Month Tenancy Agreement Query

Whilst it is correct to say that you only need to give 30 days notice under the LAU, this is after a minimum period of 6 months which may include the notice, so you are unlikely to get your deposits...
Forum: Spain
Dec 28th 2016, 11:23 am
Replies: 5
Views: 1,366
Posted By CapnBilly

Re: Income tax position when returning to the UK

You may be lucky and accept your Baja application (modelo 030), however generally they may ask you for Certificate of Fiscal Residence from the UK.
Showing results 1 to 25 of 375
 


 
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