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Paying tax

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Old May 18th 2025 | 2:48 am
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Default Paying tax

Do we have to pay tax on our savings in uk or is it just on the interest. Thank you
 
Old May 18th 2025 | 3:01 am
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Default Re: Paying tax

Just the interest generated. But you have to declare the savings if you have more than €50,000 on the modelo 720.
This includes premium bonds as well. The 'winnings' are also taxed here.
 
Old May 18th 2025 | 4:21 am
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Default Re: Paying tax

Thought this might be useful

https://www.gov.uk/guidance/living-in-spain#tax
 
Old May 18th 2025 | 4:27 am
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Default Re: Paying tax

Thank you very helpful
 
Old May 18th 2025 | 4:28 am
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Default Re: Paying tax

Originally Posted by Barriej
Just the interest generated. But you have to declare the savings if you have more than €50,000 on the modelo 720.
This includes premium bonds as well. The 'winnings' are also taxed here.
thank you
 
Old May 18th 2025 | 4:37 am
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Default Re: Paying tax

Worth getting tax affairs in order - thought of another informative link

https://www.pellicerheredia.com/en/open-library/

see second line of brochures down
 
Old May 18th 2025 | 4:48 am
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Default Re: Paying tax

Originally Posted by spainrico
Worth getting tax affairs in order - thought of another informative link

https://www.pellicerheredia.com/en/open-library/

see second line of brochures down
just had a look and downloaded the relevant brochure, very interesting. Many thanks
 

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