DoubleFilms

Hi,

Once I can, I will go out and get the proper advice from an accountant. For now I just want to know what you would do. I will seek professional advice too.
This will be the first declaration, we are a married couple. Both have NIF numbers, we are both registered on Financas portal.


Are there any benefits, monetary or otherwise of submitting using the Joint Taxation method?

In the UK a married couple can share the Tax Free allowance, is there something similar here?

Loafing Along

I believe as a married couple you are obliged to submit a joint return but to calculate the relevant tax rate the collective income is divided in two.

Red Eric

Couples have a choice each year of whether to be taxed separately or in conjunction.

As a general rule, there would be an advantage to opting for joint taxation if there's a significant difference between the income of one vs the other or if one has no income at all.

DoubleFilms

Fantastic help guys.

If we do a joint application do we *both* submit a joint application through the portal or just one of us?

Thanks,

Loafing Along

You do a joint declaration through the portal with the one person completing the online forms and as you apply to do a joint declaration you will be asked to enter the NIE of the other person and then validate it with their portal access code . The form will then automatically take you through a joint declaration . To submit the form at the end of the process you will need to validate again both persons