janelast

Hi, Hoping that anyone who has a good knowledge of income tax in Spain can help. My Parents who are both retired are hoping to move to Spain to rent long term. The only thing that is a concern is how much tax they will have to pay , at the moment here in the U.K they do not pay tax on their pensions, and believe that they will probable have too in Spain, that would not be a problem providing it is not too steep.!. Their pension in £ sterling is as follows - -

Father - £8585 + £2789 Personnel Pension ( Annuity )
Mother - £4130

They do not own any Property any have very little savings.
Thanks in advance to anyone that can help.

Rosemary

Hi and a warm welcome to the Spanish forum on BE. Myself and Fred James are the moderators for the Spanish forums whilst BEVS moderates Europe. Moderators are there to ensure that the site runs smoothly within the rules of BE. This is so that members gain the information that they are looking for and find their experiences on the forums to be friendly and worthwhile.

Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums.

Please let me know if you need any further help.

Rosemary

EsuriJohn

On those figures they will pay no tax in Spain either. Anuities are treated very favourably by the Spanish taxman and they could be taxed jointly or separately which ever gives the best result. If they are over 65 their tax free allowance will be greater than the pensions.

janelast

Many thanks EsuriJohn for your reply - very helpful. Both my parents are over 65.

Also thanks to Rosemary for welcome.