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Search: Posts Made By: Fred James
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Forum: Spain
Jul 17th 2011, 9:41 am
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Why is the retention 19% and not the usual 24%?
Forum: Spain
Jul 16th 2011, 3:58 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Not at all. A good question and you got some interesting answers.

Somehow I don't think it's finished yet:D:D
Forum: Spain
Jul 16th 2011, 2:35 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Yes I know that but what relevance has this to what is being discussed - ie. the tax treatment in Spain of UK government pensions.

As you have said yourself, these government pensions do not have...
Forum: Spain
Jul 16th 2011, 1:06 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

You are talking about the Spanish state pension which goes there - who said otherwise?

That's where I put my UK state pension as it is paid gross in the UK.

Your point is?
Forum: Spain
Jul 16th 2011, 11:51 am
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

The state pension is a bit of a red herring in this discussion. The point that is concerning people is your assertion that the government pension must be declared (but not directly taxed) to...
Forum: Spain
Jul 16th 2011, 11:11 am
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

I have read it and am not disagreeing with it. As I said earlier most of the evidence supports your opinion, however that is contrary to some other respected opinions.

I'm not taking sides - I...
Forum: Spain
Jul 16th 2011, 9:53 am
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

You have lost me now.

The Blevins Franks book "Financial Guide to Living in Spain" clearly says that you should ignore your government pension when you make your declaration in Spain.

Quote:-...
Forum: Spain
Jul 16th 2011, 7:26 am
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

I'm sure you are right. Why don't you run PADRE and see what happens.

I'm not going to disagree with Rostra - she has been doing it the alternative way for some time based on supposedly informed...
Forum: Spain
Jul 15th 2011, 9:12 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Yes, BF makes that point quite strongly and so does David Searle.

If you take the alternative option that Rostra suggests is correct then you will only end up paying extra tax if the addition of...
Forum: Spain
Jul 15th 2011, 7:41 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

This is probably going over the heads of most other members so I think we should take the discussion offline to PM/email.

I will contact you directly soon.
Forum: Spain
Jul 15th 2011, 6:47 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Interesting - I had always assumed you had to use PADRE - they use it in the tax office if you go to them. I use it for our declarations.

686/687 - so that's where it goes - thanks for that. So...
Forum: Spain
Jul 15th 2011, 5:48 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

I must admit that in principle, adding it in to establish the marginal tax rate makes some sense but I can't see how you can enter that info on PADRE. If you just add the UK income to the other...
Forum: Spain
Jul 15th 2011, 5:24 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Well I would not dispute that this is what it says but many tax officers, gestors and tax experts in Spain seem to disagree with that interpretation.

Bearing in mind that the tax system in Spain...
Forum: Spain
Jul 15th 2011, 4:58 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Your first point is very interesting. HMRC certainly don't consider that the UK state pension is a government pension. The double taxation treaty clearly says that all pensions and annuities...
Forum: Spain
Jul 15th 2011, 2:21 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

You may prefer it but how do you rationalise the fact that as tax resident in Spain you are supposed to pay tax on your worldwide income (excluding the UK government pensions) and your UK state...
Forum: Spain
Jul 14th 2011, 9:05 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

I assume you are tax resident in Spain - if not your information is irrelevant as we are discussing Spanish tax for Spanish tax residents.

You have clearly not asked HMRC to pay your UK state...
Forum: Spain
Jul 14th 2011, 4:54 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

The basic rate of tax in Spain is 24% on the first 17K and 28% on the next 15K and the highest rate is 45% so it is higher than the UK. Allowances are similar or less but that depends on the exchange...
Forum: Spain
Jul 14th 2011, 4:48 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

That's not correct.

The UK government pensions will always be taxed in the UK and do not even need to be declared in Spain - officially they do not exist.

The UK state pension will be taxed in...
Forum: Spain
Jul 14th 2011, 12:50 pm
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

UK rental income is covered by the treaty but as you say, you have to pay UK tax on it - a slip of the keyboard! However I seem to remember that it is possible to avoid the tax being deducted...
Forum: Spain
Jul 14th 2011, 10:21 am
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

Certainly in yours (or my) case that's true but as I said, you can still pay tax in both countries.

The reason that tax residency is so important is that you pay tax on your worldwide income to...
Forum: Spain
Jul 14th 2011, 8:39 am
Replies: 82
Views: 21,064
Posted By Fred James

Re: Resident/Tax Resident in two countries?

It's 183 days not 6 months - that way you will spend more time in one country than the other and will be tax resident in the country that you spend 183 or more days in.

However, the UK, just to be...
Showing results 1 to 21 of 21


 
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