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Double taxation

Posted: Fri May 12, 2023 8:27am
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Posts: 29

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Location: Torrevieja

Joined: 12 Aug 2019

Hi

 Has stayed in previous emails I am looking to visit Torrevieja in September for three months ,, then all goes well apply for residency  .. when I apply for residency I understand I have to open Spanish bank  account does anyone know how much I have to deposit and how long does the process of gaing residency  take , I would be grateful if any one knows of a reputable company that deals with residency .

Many thanks 

Jack

Posted: Fri May 12, 2023 8:30am

Lakeview320

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Posts: 29

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Location: Torrevieja

Joined: 12 Aug 2019

Posted: Fri May 12, 2023 8:30am

Does anyone know areputable account ,I am looking into  applying for non lucrative visa...I have the necessary funds but unsure  how the double taxation works for a uk citizen.

Many Thanks 

Jack 

Posted: Fri May 12, 2023 8:56am

marcliff

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Posted: Fri May 12, 2023 8:56am

You can't come to Spain and then apply for residency with a Non Lucrative Visa. You apply in UK and then, when granted, come to Spain with that visa and apply for a residency card within 3 months.

Dual taxation. Government pensions, such as Forces, Police, Civil Service, Fire etc are only taxed in UK. The amount you receive will be taken into account in Spain to determine the level of tax you pay but will not actually be taxed.

All other worldwide income, private pensions, state pension, bank interest, shares dividends and so on, will be taxed in Spain. You need to complete a FD9 Spain Individual form to send to HMRC. They will then stop taking tax from that income. Be aware it takes some time and you will pay tax in both countries on the same income for the first year but will received a refund from UK HMRC when it has been sorted. 

You will start paying income tax in Spain once you have been here for a period of more than 6 months in one calendar year.

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Posted: Fri May 12, 2023 11:34am

Lakeview320

Original Poster

Posts: 29

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Location: Torrevieja

Joined: 12 Aug 2019

Posted: Fri May 12, 2023 11:34am

marcliff wrote on Fri May 12, 2023 8:56am:

You can't come to Spain and then apply for residency with a Non Lucrative Visa. You apply in UK and then, when granted, come to Spain with that visa and apply for a residency card within 3 months.

Dual taxation. Government pensions, such as Forces, Police, Civil Service, Fire etc are only taxed in UK. The amount you receive will be taken into account in Spain to determine the level of tax you pay but will not actually be taxed....

 

Read more...

...

All other worldwide income, private pensions, state pension, bank interest, shares dividends and so on, will be taxed in Spain. You need to complete a FD9 Spain Individual form to send to HMRC. They will then stop taking tax from that income. Be aware it takes some time and you will pay tax in both countries on the same income for the first year but will received a refund from UK HMRC when it has been sorted. 

You will start paying income tax in Spain once you have been here for a period of more than 6 months in one calendar year.

Thank you for information  

Posted: Sat May 13, 2023 7:09am

Golandrina

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Location: Almoradí

Joined: 24 Mar 2018

Posted: Sat May 13, 2023 7:09am

A couple of websites that may be of help are:

Citizens Advice Bureau Spain for bureaucratic stuff, and

N332 for anything to do with driving in Spain.   It is for English speaking people and is run in collaboration with officers of the Guardia Civil.

Posted: Mon May 15, 2023 5:11pm

Bee2

Helpful member

Posts: 408

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Location: Torrevieja

Joined: 19 Oct 2019

Posted: Mon May 15, 2023 5:11pm

Here's a link to a post on the Quesada Forum which will be of interest to you as it is more than depositing the required amount of money. You have to show you have a steady income flow to support yourself in Spain. 

https://www.talkquesada.com/quesada-general-discussion-f9/companies-assisting-with-non-lucrative-visa-application-t69822.html#p349115

Bee

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