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Information about taxes

Posted: Wed May 16, 2018 4:28pm
3 replies169 views4 members subscribed
lynng1400

Posts: 1

Location: Torrevieja

Joined: 16 May 2018

We are thinking of buying a property in San Luis but have heard that people are being taxed a lot on their pensions if they are a resident in Spain. I have an NHS pension and my husband has private pensions. I tried to call the Spanish tax office for info but nobody spoke English. Can anyone help?

Thanks

jimtaylor

Posted: Wed May 16, 2018 5:15pm

jimtaylor

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Posts: 5612

8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Wed May 16, 2018 5:15pm

Unless anyone else has any suggestions, you have two choices.

Read my posts in the tax forum and work out the potential tax yourself.

or

Send me a PM with details of your income and ages, and I'll tell you how much tax would have been due in 2017.

Retief99

Posted: Mon Jun 3, 2019 5:41pm

Posts: 34

4 helpful points

Location: Torrevieja

Joined: 18 Dec 2017

Posted: Mon Jun 3, 2019 5:41pm

Hi Jim, I wonder if you can help , my question is about tax for 2018, I am single, age 79 , and had income of around 10,000 pounds sterling last year, will I be liable for tax and need to do tax return ?

jimtaylor

Posted: Mon Jun 3, 2019 5:53pm

jimtaylor

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Posted: Mon Jun 3, 2019 5:53pm

So that would be €11303.

Your personal allowance would be €8100.

Extra allowance for your income being related to former earnings €2000.

Earnings related allowance ~€3603.

Allowances exceed income so no tax due.

However, you still need to submit a tax return for your first year of tax residence. That gets you in the system, but if in future years no tax will be due, then you don't need to submit returns.

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