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Buying a new property on sector D - Page 2

Will60

Posted: Mon Feb 22, 2021 8:13pm

Will60

Helpful member

Posts: 317

315 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.

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.

Anno

Posted: Wed Feb 24, 2021 1:07pm

Posts: 34

8 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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