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Buying a new property on sector D - Page 2

Posted: Mon Feb 22, 2021 8:13pm

Will60

Helpful member

Posts: 317

star315 helpful points

Joined: 10 Feb 2020

Posted: Mon Feb 22, 2021 8:13pm

dickie1234 wrote on Mon Feb 22, 2021 6:07pm:

Will,

I thought this would be the case however, it is good to have this confirmed from someone who has gone the tax process themselves...and from the UK.

 

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Paying high taxes (Spanish) is not the way to go for me. It would simply make it unviable to work, earning what would be classed as the few 1% in the UK. 

So, the questions now is........can I have residency in Spain, allowing me to stay more than 90/180 and have my employer from the UK, where I get paid in GBP and pay taxes to the UK HMRS? Whats your thoughts on this approachWill?

That question exceeds my experience.

The upper tax rate in Spain is 45%, and the allowances are lower than in the UK ... easy to see where the arithmetic ends up.

Hence you need advice on taxation/wealth management.

Posted: Wed Feb 24, 2021 1:07pm

Posts: 34

star8 helpful points

Location: Camposol

Joined: 2 Jun 2020

Posted: Wed Feb 24, 2021 1:07pm

Hi we bought on D sector last year love it great people but sadly not been while will lockdown but Hopi g to soon as we can 

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