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Re: Tax..
Originally Posted by milesg
(Post 10326988)
I am new to this site so please excuse any faults on my part.
I lived for about 9 months in Gran Canaria and did the NIE and Social Security but they will be out of date now. I am looking to go back to the Canaries on a permanent basis, as a long term renter, and would like to do everything legally. So all I will comply with all necessary registrations. I know that Canary Island tax law is very different to that of mainland Spain. So any ideas as to what I could expect from the following as a retired 58 year old. 1. I would have little or no Spanish income. 2. Rental income , less expenses but not taxed, from Germany. 3. Variable but small income from a numbered account in Liechtenstein. 4. Potential capital gain on above assets. 5. Potential capital gains from UK assets. 6. At 65 a proportion of UK and Swiss state pension. The rental income would not be sufficient to live from and supplement would be required from the numbered account capital. Potential to split numbered account then declare a part. Bear in mind htat income/divorce tax has already been paid on all this stuff in the locations where it was earned. Any ideas as to information sources or advice. BE is a very large expat website, so if you have problems finding your way around we have concierges who will try to direct you. The moderators for the Spanish forums are Mitzyboy and Fred James, moderators are there to ensure that the site runs smoothly within the rules of BE. Problems and complaints should always be addressed to a moderador who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are friendly and helpful with a wealth of knowledge of the issues of living in Spain. At the top of the page you will find a quirkily named thread called Free Beer which is full of important and useful information. Hope you enjoy your time participating in the forums. Please let me know if you need any further help. Rosemary |
Re: Tax..
Originally Posted by milesg
(Post 10326988)
I know that Canary Island tax law is very different to that of mainland Spain. So any ideas as to what I could expect from the following as a retired 58 year old. 1. I would have little or no Spanish income. 2. Rental income , less expenses but not taxed, from Germany. 3. Variable but small income from a numbered account in Liechtenstein. 4. Potential capital gain on above assets. 5. Potential capital gains from UK assets. 6. At 65 a proportion of UK and Swiss state pension. As you will be fiscally resident because you are spending more than 183 days in Spain you will be liable for tax on your worldwide income and capital gains which includes all the items you have mentioned. There are normally double taxation agreements between Spain and most countries so you would need to look at these carefully to see if there are any exceptions to the rules that the income is taxed in Spain. Even if you end up paying no tax in Spain due to the personal allowances or exemptions you will almost certainly have to complete an annual tax declaration in Spain. |
Re: Tax..
To Domino...I got my NIE and Social Security numbers in Q1 2006.
Forgot to mention in my post vital fact, have UK nationality as well as Swiss. To Rosemary... many thanks for your kind words. I will try to maintain your high standards. To Fred...I understand what you say but as I understand there are some special things with the Canaries. I have heard income tax is capped at a maximum of 20 % instead of mainland progressive rates maximising at 43?... but I am no expert so please correct me. Canary IGIC is generally 5% (luxury stuff is higher). Since my post I discovered this article...bit sensational ..but maybe there is some truth in it http://www.telegraph.co.uk/finance/p...e-Beckham.html In any case advice is welcome |
Re: Tax..
Originally Posted by milesg
(Post 10327409)
I have heard income tax is capped at a maximum of 20 % instead of mainland progressive rates maximising at 43?.
The "Beckham Rule" does not apply to you as it only applies to income generated in Spain. |
Re: Tax..
Originally Posted by Fred James
(Post 10327497)
No it's not - it's the same as the mainland and it now goes higher than 43% on high incomes.
The "Beckham Rule" does not apply to you as it only applies to income generated in Spain. No mention of Gib |
Re: Tax..
Originally Posted by milesg
(Post 10327409)
To Domino...I got my NIE and Social Security numbers in Q1 2006.
Forgot to mention in my post vital fact, have UK nationality as well as Swiss. To Rosemary... many thanks for your kind words. I will try to maintain your high standards. To Fred...I understand what you say but as I understand there are some special things with the Canaries. I have heard income tax is capped at a maximum of 20 % instead of mainland progressive rates maximising at 43?... but I am no expert so please correct me. Canary IGIC is generally 5% (luxury stuff is higher). Since my post I discovered this article...bit sensational ..but maybe there is some truth in it http://www.telegraph.co.uk/finance/p...e-Beckham.html In any case advice is welcome |
Re: Tax..
OK thanks to everyone ...this information is very useful.
Another question...what is the monthly social security payment for a siingle adult (not employed, self or otherwise) under the age of 65. |
Re: Tax..
Originally Posted by milesg
(Post 10333371)
OK thanks to everyone ...this information is very useful.
Another question...what is the monthly social security payment for a siingle adult (not employed, self or otherwise) under the age of 65. |
Re: Tax..
... and you can't make voluntary payments.
If you are self employed but not earning anything, then SS payments still have to be made. I think the figure is based on age but is around 250 euros per person per month |
Re: Tax..
that is why Spain insists on people being able to make their own way here, both living and medical.
you may find this an interesting read (I am not involved in any way) http://http://www.advoco.es/advice.html |
Re: Tax..
Hi all!
We are non-residents and do not rent out our apartment and are only max. 5 months in winter in Tenerife. We both have german pensions and have proof of medical care. My question is after buying and selling property since 1984 we always paid Hacienda 3% in 2005 5% of the selling price (to cover outstanding bills or tax) so do we still have to complete a tax declaration? and can we backpay it for the last 5 years? The sum of course is much less than we have already paid. |
Re: Tax..
Originally Posted by Hey Jude
(Post 10333813)
Hi all!
We are non-residents and do not rent out our apartment and are only max. 5 months in winter in Tenerife. We both have german pensions and have proof of medical care. My question is after buying and selling property since 1984 we always paid Hacienda 3% in 2005 5% of the selling price (to cover outstanding bills or tax) so do we still have to complete a tax declaration? and can we backpay it for the last 5 years? The sum of course is much less than we have already paid. Strictly speaking you should be both resident here (as it's over 90 days per year) and tax resident here (if over 183 days). |
Re: Tax..
We live the other 7 months in Germany.
We are registered (green paper ) because of the 90 days but never over 183.We have had NIE since 1992 and have no problems otherwise.:thumbsup: |
Re: Tax..
Are Taxis expensive in Spain?
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Re: Tax..
I am sure this covered elsewhere, but I can't find it, despite searching for hours. I am a Brit, who is moving to Almeria in 2013. I have an offshore company but need to pay personal income tax in Spain in order to enetr the "system". But I can't see how it works or how to start!! Does anyone have any info on this? Thanks and happy new year.
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Re: Tax..
Originally Posted by tenerifediver
(Post 10453813)
I am sure this covered elsewhere, but I can't find it, despite searching for hours. I am a Brit, who is moving to Almeria in 2013. I have an offshore company but need to pay personal income tax in Spain in order to enetr the "system". But I can't see how it works or how to start!! Does anyone have any info on this? Thanks and happy new year.
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Re: Tax..
Can anyone help. Is this a new tax I need to pay?
http://www.oliva.es/es/cgi-bin/artic...00000&aid=1570 Thanks |
Re: Tax..
Originally Posted by johnnyone
(Post 10453970)
Can anyone help. Is this a new tax I need to pay?
http://www.oliva.es/es/cgi-bin/artic...00000&aid=1570 Thanks Some call it Basura (Fem in Valenciano). |
Re: Tax..
Originally Posted by johnnyone
(Post 10453970)
Can anyone help. Is this a new tax I need to pay?
http://www.oliva.es/es/cgi-bin/artic...00000&aid=1570 Thanks Rubbish! :-) Viernes, 27 de Diciembre 2012 Note aclaratòria rate we Waste Partnership FREQUENTLY ASKED QUESTIONS If you do pay a fee in our council, why should we pay this tax? rate we pay our council is to collect manure, while the rate to be paid to the Consortium is the transport to the treatment plant and the treatment and disposal of manure. then from now, how do we pay bills? Dos. A $ 40 to the City of Olive and another consortium. The amount of the second is based on the tonnes of waste collected during the previous year in the municipality. So if people recycle more and pay more than the second bill. However, this year we paid 60 euros a receipt for the council Consortium entered into force on 1 July 2012. Consortium What? 's an organization that was established in order to ensure compliance vigente regulations concerning the management of waste. Comprise 93 municipalities in the province of La Safor Albaida Valley, the Coast, the Channel Navarro and Valle de Ayora. 's a municipal tax? no. It is a tax that is paid in all municipalities that are part of the Waste Partnership. So do not pay council Olive. debit receipt If I do, I also have paid this tax? no. You should direct their request to any of these ways: -In any bank in your payment receipt (the effects will be for the next year). telephony on: 963882525/902460202 -By internet: www.dival.es / gestiontributaria -go to any office of Provincial Management Service-Tax. Charged for recycling? no. The fee is for transportation to the processing plant and subsequent waste disposal. However, much of recycling, the less the amount received from the Consortium. Must I pay the fee only habite a house on the weekends and during the summer months? If the fee is paid by the mere fact regardless of owning s'habite regularly or temporarily. industry I own one. Rate also includes the management of industrial waste? No. s'exigix rate only municipal solid waste (waste and wasted food or debris from the normal cleaning.) that I do not want the loan, how can I request it? service is mandatory, as the rate of collection we do, you have to pay again be in operation, whether it wants it or not. arrived I received from the rate a place that I rented. I pay it? If the ordinance provides that the taxpayer is the owner of the fee of the property. He paid the bill and if you want you can pass it on tenants. reached me a receipt for a house that is in ruins and where there is no electricity or water. Where can I file a complaint? Valencia Provincial Council to regulate possible claims, offers the taxpayer a standard complaint can be presented: -In your City (sent to the Tax Management Service Delegation) . , at any of the offices of sgt. , the internet: www.dival.es / gestiontributaria 'm a neighbor municipality Consortium and received two tax bills, one from my house and another company I have 1500 meters. The amount paid is different. It is a mistake? not the amount of receipts within a municipality varies, because of the surface and the destination of the property. The ordinance different kinds of destinations (housing and activities), recording more than those who presumably generate more waste. Where can I get information in detail? has at its disposal several ways: -Oil City. - By phone: 963882525/902460202 -www.corinforma.es -Through Internet www.dival.es / gestiontributaria -in any of the offices of Provincial Management Service-Tax: Albaida Sagunto Ayora Utiel Bétera, Valencia, Chiva Vilamarxant, Gandia, Xativa, Liria, Moncada. |
Re: Tax..
Sorry guys, I am none the wiser.
Is it a new tax to be paid or not? I did think it was the basura but am not sure. |
Re: Tax..
Originally Posted by johnnyone
(Post 10454339)
Sorry guys, I am none the wiser.
Is it a new tax to be paid or not? I did think it was the basura but am not sure. Not a tax, just a bill to pay annually for rubbish collection - nothing new about it at all. Mitzy has kindly translated it for you should you need to know what it says. |
Re: Tax..
Originally Posted by johnnyone
(Post 10454339)
Sorry guys, I am none the wiser.
Is it a new tax to be paid or not? I did think it was the basura but am not sure. |
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