Join the Torrevieja forum
My name's Alex and this is my website all about Torrevieja in Spain. Register now for free to talk about Taxes in Torrevieja: Suma, NIE and general tax advice and much more!
Hi good people. Just enquiring before we move over permanently later this year .. are married couples taxed separately? Is there any financial 'gain' by being married for taxation purposes (or getting residency) or is it just the same as being two single people?
Thanks in advance for any info.
Ian
There is a married person allowance of €3400 for the second person but it doesn't work the same as UK. It is not simply added to your allowance. It means the first person (if under 65) will get the 5,500 allowance and the second will get 3,400. If you do them individually you can both get the main allowance but it will depend heavily on how much you are earning.
The person who does our taxes does on for a married couple and then as singles and submits the one that is most beneficial (ie cheapest).
You can do it yourself with the online simulator where you have the option of doing two individual returns or a joint one and the simulator will automatically tell you which is to your advantage.
Professionals use exactly the same system so do not have to work it out for the different scenarios although no doubt they like clients to think that they do to better justify their fees!
Posted: Wed Jun 21, 2023 9:38pm
marcliff wrote on Wed Jun 21, 2023 6:32pm:
There is a married person allowance of €3400 for the second person but it doesn't work the same as UK. It is not simply added to your allowance. It means the first person (if under 65) will get the 5,500 allowance and the second will get 3,400. If you do them individually you can both get the m...
Read more...
...ain allowance but it will depend heavily on how much you are earning.
The person who does our taxes does on for a married couple and then as singles and submits the one that is most beneficial (ie cheapest).
Thank you
Posted: Wed Jun 21, 2023 9:42pm
marcliff wrote on Wed Jun 21, 2023 6:32pm:
There is a married person allowance of €3400 for the second person but it doesn't work the same as UK. It is not simply added to your allowance. It means the first person (if under 65) will get the 5,500 allowance and the second will get 3,400. If you do them individually you can both get the m...
Read more...
...ain allowance but it will depend heavily on how much you are earning.
The person who does our taxes does on for a married couple and then as singles and submits the one that is most beneficial (ie cheapest).
You mention 'if under 65'. I am English, with an Irish passport aged 69. Does age have a bearing on tax? My wife is Irish and under 65.
Advertisement - posts continue below
Shakingallover wrote on Wed Jun 21, 2023 9:42pm:
You mention 'if under 65'. I am English, with an Irish passport aged 69. Does age have a bearing on tax? My wife is Irish and under 65.
The tax free allowance rises with age. €5,550 under 65, Over 65 it is €6700 and over 75 it is €8,100. So yes, age does have a bearing on it.
Posted: Thu Jun 22, 2023 1:10am
marcliff wrote on Wed Jun 21, 2023 10:12pm:
The tax free allowance rises with age. €5,550 under 65, Over 65 it is €6700 and over 75 it is €8,100. So yes, age does have a bearing on it.
Thank you 👏👏
Posted: Wed Jun 28, 2023 9:26pm
Shakingallover wrote on Wed Jun 21, 2023 9:38pm:
Thank you
I,ve also got a question over a married couples taxes.were both 57 but we've retired early and will never work again.if we moved to Spain will they still tax us on our savings.we will have only savings not income.thanks for any help, batchy28
Batchy28 wrote on Wed Jun 28, 2023 9:26pm:
I,ve also got a question over a married couples taxes.were both 57 but we've retired early and will never work again.if we moved to Spain will they still tax us on our savings.we will have only savings not income.thanks for any help, batchy28
You are not taxed on savings. You are only taxed on income from the savings such as interest.
Posted: Wed Jun 28, 2023 10:04pm
marcliff wrote on Wed Jun 28, 2023 9:47pm:
You are not taxed on savings. You are only taxed on income from the savings such as interest.
Great that's a lot off my mind.
