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Forum: Spain

Dec 28th 2020, 9:04 am

Replies: 4

Limited Company while living in Spain

Views: 2,115

Posted By melocoton

Re: Limited Company while living in Spain

My understanding is that you will pay UK tax to HMRC on the income and dividends from the UK company, based on self-assessment and after your personal allowances. Then, you will also declare this...

Forum: Spain

Aug 12th 2020, 12:15 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

It is indeed a minefield.

I spoke to HMRC twice last week (regarding self-assessment and NI), and they advised me both times that unless I am self-employed in Spain and submitting invoices to the...

Forum: Spain

Jul 30th 2020, 4:19 pm

Replies: 13

Spanish tax resident with UK income - question about the UK tax return

Views: 940

Posted By melocoton

Re: Spanish tax resident with UK income - question about the UK tax return

Thanks Lynn R and bobd22 for sharing your experiences. Much appreciated.
As I moved to Spain part way through the financial year, it looks like I will have to submit a split year residency claim...

Forum: Spain

Jul 30th 2020, 1:12 pm

Replies: 13

Spanish tax resident with UK income - question about the UK tax return

Views: 940

Posted By melocoton

Re: Spanish tax resident with UK income - question about the UK tax return

Thanks snikpoh and Fred for your input. I will submit my UK tax return for the full 19-20 UK tax year, then submit here for the 2020 tax year, and let HMRC and the Hacienda resolve who takes their...

Forum: Spain

Jul 30th 2020, 9:55 am

Replies: 13

Spanish tax resident with UK income - question about the UK tax return

Views: 940

Posted By melocoton

Spanish tax resident with UK income - question about the UK tax return

Hi,
I have just been on the phone to HMRC regarding my 2019-20 UK tax return. I moved to Spain in January this year, and I now am tax resident here. HMRC has been notified. I receive income from the...

Forum: Spain

Jan 10th 2019, 5:46 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Just to add to Smithy73's advice above, I spoke to HMRC last year about my existing pension contributions and how these would be affected if I became a Spanish resident. I was told that there would...

Forum: Spain

Sep 29th 2018, 8:53 am

Replies: 11

UK Govt starts to issue guidelines on no deal Brexit

Views: 1,278

Posted By melocoton

Re: UK Govt starts to issue guidelines on no deal Brexit

Open a textbox (e.g. Notepad on Windows machines) and copy the text there first. This removes *all* formatting like font size and style. Then, copy and paste the text into the forum.

Forum: Spain

Sep 26th 2018, 1:12 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

CapnBilly. Thanks for that information. When you state that you can claim relief for the tax paid in the UK, do you mean against the corporation tax paid by the company? If not then I'm not sure I...

Forum: Spain

Sep 25th 2018, 5:20 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Indeed. Brexit looks more of shambles by the day. We went to our local estrangeria here in Tenerife a few weeks ago to see the requirements for residency. They require 1) either proof of permanent...

Forum: Spain

Sep 25th 2018, 4:35 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Interesting. Income is income then. Another argument from drawing a larger salary.

Yes, this dawned on me in the meeting. Salary much more economical in that case

Forum: Spain

Sep 25th 2018, 4:19 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

As an update to this thread, I've just returned from the asesoria after another meeting to discuss my case. I explained that I am receiving a salary from a UK company, and also dividends as I am a...

Forum: Spain

Aug 30th 2018, 7:55 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Hi. Once I receive my third payslip in September I'm going to visit a local gestor and see what he says. I'll present my payslips, approximate other annual income, and an estimate of the dividend....

Forum: Spain

Jul 25th 2018, 12:32 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Your experiences in this area are really very reassuring. I'm feeling emboldened to return to the gestoria with my payslips and see how they respond, armed with suggestions if necessary. Thank you!

Forum: Spain

Jul 25th 2018, 8:14 am

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

First, many thanks for your detailed reply.

That is a much lower calculation of tax due than I had estimated - probably why I'm not an accountant. Along with the autonomo contributions that's...

Forum: Spain

Jul 24th 2018, 10:08 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

I've just re-read this and am a little confused. How would I invoice the LTD if not through the autonomo?

Forum: Spain

Jul 24th 2018, 8:07 am

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

@spainrico Thanks for your reply. Those 6 criteria are missing a little context. They are used to determine employee vs autonomo status - I think the article was steps to avoid being deemed a false...

Forum: Spain

Jul 23rd 2018, 3:52 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Hi PH79,
Sorry for the delay in getting back. The company is now incorporated in the UK. Next step is to go for Spanish residency.

Forum: Spain

Feb 20th 2018, 5:53 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Thanks Rob. I appreciate your advice and opinion.

Forum: Spain

Feb 19th 2018, 9:56 am

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

After more digging I have found a list of conditions that a Spanish autónomo must or must not meet:

He or she:

1. Must carry out the activity with own assets and productive structure....

Forum: Spain

Feb 17th 2018, 6:29 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

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

Thanks for the welcome Rosemary.

Forum: Spain

Feb 17th 2018, 3:44 pm

Replies: 64

Questions on running a Ltd company as a Spanish resident

Views: 39,928

Posted By melocoton

Questions on running a Ltd company as a Spanish resident

Hi,

First post here, but I've read plenty.

I've been back and forth between Spain and the UK for 7 years and am planning to go for residencia before March next year. I'll be based in Tenerife,...

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