Hello we are early retirees in Spain and live off our NHS pensions. They are below the tax there in the UK. Does that apply here in Spain? Thanks
Posted: Wed Jan 31, 2024 5:06pm
Super helpful member
Tax allowances in Spain are much different to that of the UK and the tax year runs from 1 January until 31 December of each year.
For the 2022 and 2023 Spanish tax years there is a basic personal allowance for people under 65 of €5,550. Once you reach 65, the allowance rises to €6,700 and from aged 75 this increases again to €8,100.
The contents of these links provides more detailed information:
Posted: Wed Jan 31, 2024 5:51pm
John123456 wrote on Wed Jan 31, 2024 5:06pm:
Tax allowances in Spain are much different to that of the UK and the tax year runs from 1 January until 31 December of each year.
For the 2022 and 2023 Spanish tax years there is a basic personal allowance for people under 65 of €5,550. Once you reach 65, the allowance rises to €6,700 and from aged 75 this increases again to €8,100.
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The contents of these links provides more detailed information:
Thank you I was told it was 22,000 Euros I thought that sounded a bit high
Posted: Thu Feb 1, 2024 7:18am
Helpful member
22,000 I wish, but you can be the new new tax inspector 🫣
Posted: Thu Feb 1, 2024 10:25am
Super helpful member
Hi
Spanish income tax is complicated! The first time we filed a return we used an advisor who asked us a number of unexpected questions, such as "do you own your home or rent?". There are various different allowances for such things.
In our case, we filed separately (we're not married) and overall the threshold worked out to about €12k each.
Hope this helps!
Cheers
Steve
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Posted: Mon Feb 19, 2024 3:48pm
Hi will l have to pay capitol gains tax on the house l am selling l am a pensioner l have not paid tax in Spain but in England thank you
Posted: Mon Feb 19, 2024 4:09pm
Helpful member
Tott1950 wrote on Mon Feb 19, 2024 3:48pm:
Hi will l have to pay capitol gains tax on the house l am selling l am a pensioner l have not paid tax in Spain but in England thank you
Are you a resident of uk or sp
Posted: Mon Feb 19, 2024 4:29pm
rds1234 wrote on Mon Feb 19, 2024 4:09pm:
Are you a resident of uk or sp
Hi l am a resident in spain
Posted: Mon Feb 19, 2024 4:42pm
Helpful member
Tott1950 wrote on Mon Feb 19, 2024 4:29pm:
Hi l am a resident in spain
Then you should do a tax return in Spain.
Posted: Mon Feb 19, 2024 6:18pm
Tott1950 wrote on Mon Feb 19, 2024 4:29pm:
Hi l am a resident in spain
I used to do a tax return but after my husband passed away l was told l did not have to do one but my question is will l have to pay capitol gains tax on my property when l sell it l am a pensio