Spanish taxes questions
Jan 31st 2022, 8:19 am
#1
Just Joined
Thread Starter
Joined: Oct 2007
Posts: 10
Spanish taxes questions
Good morning, tried to locate an answer to our question without success, so here it is.
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We would have circa £275k sitting in our UK bank account after our UK sale this year 2022, so if we then move to Spain via the Non Lucrative Visa (NLV) route next year 2023, (we own a property outright near Benidorm), and simply live in Spain on the UK property sale proceeds for the next 10 years at say £20k a year, would we have to pay any Spanish taxes at all every year on that £20k as its not a salary or pension?
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We would have circa £275k sitting in our UK bank account after our UK sale this year 2022, so if we then move to Spain via the Non Lucrative Visa (NLV) route next year 2023, (we own a property outright near Benidorm), and simply live in Spain on the UK property sale proceeds for the next 10 years at say £20k a year, would we have to pay any Spanish taxes at all every year on that £20k as its not a salary or pension?
Last edited by bonesey333; Jan 31st 2022 at 8:53 am. Reason: Amended
Jan 31st 2022, 9:07 am
#2
Forum Regular
Joined: Dec 2010
Posts: 288
Re: Spanish taxes questions
Good morning, tried to locate an answer to our question without success, so here it is.
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We would have circa £275k sitting in our UK bank account after our UK sale this year 2022, so if we then move to Spain via the Non Lucrative Visa (NLV) route next year 2023, (we own a property outright near Benidorm), and simply live in Spain on the UK property sale proceeds for the next 10 years at say £20k a year, would we have to pay any Spanish taxes at all every year on that £20k as its not a salary or pension?
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We would have circa £275k sitting in our UK bank account after our UK sale this year 2022, so if we then move to Spain via the Non Lucrative Visa (NLV) route next year 2023, (we own a property outright near Benidorm), and simply live in Spain on the UK property sale proceeds for the next 10 years at say £20k a year, would we have to pay any Spanish taxes at all every year on that £20k as its not a salary or pension?
Also don't believe everything written about tax domicile etc, get proper advice. I have a really good company that I have used to sort out my position which is more complicated as I am split between the UK and the Spain for work.
https://www.citizensadvice.org.es/wp...O-CONSIDER.pdf
Jan 31st 2022, 10:16 am
#3
Just Joined
Joined: Feb 2013
Location: Albufeira
Posts: 1
Re: Spanish taxes questions
Hi. AI Wealth in Barcelona have just released a comprehensive guide for British Expats moving to or living in Spain which includes advice and case studies on selling both UK and Spanish properties. You can download it here (just copy paste as I don't have permission to post URLs apparently) : aiwealth.eu/wealth-management/guides
Feb 1st 2022, 7:54 am
#4
Forum Regular
Joined: Nov 2021
Posts: 71
Re: Spanish taxes questions
Good morning, tried to locate an answer to our question without success, so here it is.
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We would have circa £275k sitting in our UK bank account after our UK sale this year 2022, so if we then move to Spain via the Non Lucrative Visa (NLV) route next year 2023, (we own a property outright near Benidorm), and simply live in Spain on the UK property sale proceeds for the next 10 years at say £20k a year, would we have to pay any Spanish taxes at all every year on that £20k as its not a salary or pension?
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We would have circa £275k sitting in our UK bank account after our UK sale this year 2022, so if we then move to Spain via the Non Lucrative Visa (NLV) route next year 2023, (we own a property outright near Benidorm), and simply live in Spain on the UK property sale proceeds for the next 10 years at say £20k a year, would we have to pay any Spanish taxes at all every year on that £20k as its not a salary or pension?
As I understand it you need a minimum income of €2,259.60pm and for each dependent a further €564.90pm. This, I believe, can be made of pension/investments/savings etc and applies to the non-lucrative visa
Feb 1st 2022, 12:49 pm
#5
Just Joined
Thread Starter
Joined: Oct 2007
Posts: 10
Re: Spanish taxes questions
We are not seeking answers to the Non Lucrative Visa requirements as we are fully aware of them. What we are in need of, is answers to our 2 questions
Feb 1st 2022, 1:10 pm
#6
BE Enthusiast
Joined: Feb 2020
Location: Nerja
Posts: 598
Re: Spanish taxes questions
Good morning, tried to locate an answer to our question without success, so here it is.
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We have seen responses about when to sell your property in UK and then when to move to Spain so don't get stung with any spanish taxes. It seems like its best to sell our house this year and then wait until next year to move to Spain, to ensure the Spanish tax man can't ask us to pay any taxes on our sale proceeds, is that correct?
We would have circa £275k sitting in our UK bank account after our UK sale this year 2022, so if we then move to Spain via the Non Lucrative Visa (NLV) route next year 2023, (we own a property outright near Benidorm), and simply live in Spain on the UK property sale proceeds for the next 10 years at say £20k a year, would we have to pay any Spanish taxes at all every year on that £20k as its not a salary or pension?
Last edited by Joppa; Feb 1st 2022 at 1:13 pm.
