davethedog

Morning all,

And this is not s post about BREXIT as such, just in light of the news that the UK Gov may tear up the current agreement and go for a no deal option, will this impact upon the current double taxation agreement between the UK and Spain (as this could impact a lot of people financially)?

Thanks,

DTD

inbarcelona

I wouldn´t have thought so. Britain has a double taxation treaty with many countries...not just EU countries.

I suppose its all conjecture at this stage. What will be will be at the end of the day.

spainrico

Been discussed before and general opinion was yes it will continue.

Fred James

It has nothing to do with Brexit. Tax matters are down to each individual State.

davethedog

Thanks for the comments as we are in the process of getting Spanish residencia here in the Canaries, and if the double tax agreement was to go...we would denounce it and head back to the UK!

marcbernard

Who can say what will be next for tearing up international agreements? Puppet master "Eyetest" Cummings may have yet more delights to inflict.

Chipmonk

Whilst the double taxation agreement will no doubt remain this does not apply to all taxes. For example, Inheritance tax is double taxed and also some of the exemptions etc seem to available to only to those residents from EU member states. My lawyer was saying that things were far from clear. Also I see that a group representing UK nationals in EU have written to the British officials seeking reassurance that the UK wont try and undo further aspects of the WA which could affect our rights.

Fred James

That was the case until recently with regard to IHT allowance. Take Andalucia, for example. The allowance for close relatives Group 1 and 2) is now €1m and a 99% exemption after that - effectively no IHt to pay but is was limited to beneficiaries in the EU. That is no longer the case as recently two cases were taken to the Spanish Supreme Court who upheld the cases, so now the beneficiary can live anywhere in the world and still get the allowances. This applies to the whole of Spain.

bobd22

The changes being considered at the moment are to do with Trade Deals and customs regulations. The parts that are of real concern to those living in Spain are to do with Residency rights , medical cover and pension rights. Non of which have anything to do with Trade Deals, they were the first part of the Withdrawal Agreement negotiated and I think any threat to them would not be considered whatsoever by the EU and to be fair I have seen nothing to think they would be considered for change. There may be a group of expats putting 2 and 2 together and coming up with 5?