Another currency transfer question.
Posted: Tue Jun 25, 2019 1:51pm
Hello,
I’m looking to buy a property soon and will send the funds via a currency transfer company (I have a couple in mind), however, I’m going to be funding my life in Spain with at first savings then a combination of savings and pension. My question is, if I keep my savings in the UK is it normal to send myself a lump sum each month to my Spanish bank account. I’ve already paid tax in the UK on all my savings etc and want to avoid (not in a tax avoidance way) having to pay any more tax on my already taxed money. Obviously I will pay tax on any interest so will I need an accountant or just use my lawyer in Spain. I hope this makes sense.
Thanks T