My name's Alex and this is my website all about Guardamar del Segura in Spain. Register now for free to talk about Residency in Guardamar del Segura: padron, residencia and passport advice and much more!
NLV confusion! Any advice is appreciated.
Hello everyone - This site has been a great resource and I was hoping someone can clear this up for me. Background: We are planning another trip April - June and hope to eventually purchase in October if we can get through the NLV process. It sounds like we will have to tackle higher and higher hurdles toward the NLV. Here is something I read from another website and please let me know if this is true and what you think. The person who posted did not use punctuation so I apologize for the difficulty reading:
you really need to look into taxes I was going to do the same next year I have decided not to do it and stay as none resident they will tax your pension and any private pension year 2 and 3 you need to have the minimum 27k for each of the 2 yrs 54k this puts you in a higher tax band 50k and over this also applies for year 4 and 5 this also is for any private pensions worth more than 50k again in higher tax band so over 5 yrs you will need over 130k just to get full residency plus you will taxed on any savings you have worldwide or any other assets such as shares or property subject to wealth tax and capital gains sorry to say the Spanish government is slowly going to force people to leave or stick with the 90/180 rules”
