Join the Mazarron forum

Join the Mazarron forumMy name's Jan and this is my website all about Mazarron in Spain. Register now for free to talk about Taxes in Mazarron: Suma, NIE and general tax advice and much more!

Tax allowance in spain

Whatsapp

Posted: Tue Jul 2, 2019 9:22pm
7 replies180 views5 members subscribed
eviedoll

Posts: 12

Location: Águilas

1 helpful posts

Sorry for sounding vague but we are moving there shortly both with UK state pensions and other pensions  I assumed you would get he same tax allowance as here in the UK. This does not seem to be the case. Can anyone enlighten me.  Many thanks. Do you Have to pay more tax on UK state pensions.  

PeterC

PeterC

Helpful member

Wed Jul 3, 2019 11:47am

Posts: 592

Location: Los Alcázares

249 helpful posts

Posted: Wed Jul 3, 2019 11:47am

Firstly, assume nothing. It is a different country with very different rules, and may well become more different should the stupidity of Brexit actually happen. 

You can get your UK state pensions paid directly into your Spanish Bank, but your tax liability could be very different, depending on whether you have a government pension, private pensions, property outside Spain, assets worth over €50000 (including pension pots)....

You should do a lot of research, and talk to an asesoria or gestor here for advice.

Beware the man in the bar, who speaks little Spanish but is fluent in “cojones”!

Bill17520

Wed Jul 3, 2019 12:51pm

Posts: 90

Location: Mar De Cristal

27 helpful posts

Posted: Wed Jul 3, 2019 12:51pm

Why on earth should Spain have the same fiscal policies as the UK! As Peter says this is a different country! Go and see an accountant before you land in deep waters!

PeterC

PeterC

Helpful member

Wed Jul 3, 2019 1:40pm

Posts: 592

Location: Los Alcázares

249 helpful posts

Posted: Wed Jul 3, 2019 1:40pm

I am constantly astonished that people write that they "are moving shortly" then ask a question that should be part of those essential items way before any decision is made about something so important as moving to another country! We decided to look at moving to Spain about twenty years ago, and went on holidays to different parts of the country before diciding where to live, signed up for Spanish lessons in Leeds, bought several books about what should be considered and allowed for in moving - remember this was pre-internet - and three years later made the move. We knew how to sign up for health care, got rid of our UK cars and bought a Spanish one soon after arrival, opened a bank account, got our NIEs, signed on the register of foreigners.....We got no nasty surprises, and did a balance sheet - like they do on the "Moving Down Under" programme so we knew what costs were higher and what lower. We also spent enough time here to know we wanted to stay, as it can be a very lengthy and expensive process to sell up and move back.

It is far too late to move here and find for example that you will be paying Spanish taxes on a UK house, or have to pay for private health care for a year (or more), you cannot get on with your Spanish neighbours and the heat nearly kills you in Summer...

Kalli

Wed Jul 3, 2019 3:37pm

Posts: 63

Location: Cehegín

39 helpful posts

Posted: Wed Jul 3, 2019 3:37pm

On the RHS of this page you will see "Jim's Guides", click on there and scroll down to Tax in Spain. There are numerous headings, one is "allowances" which gives the figures for the 2018 tax year (the Spanish tax year runs from 1st January to 31st December).

There is a fantastic amount of up to date information about many subjects re living in Spain in his guides.

Also CAB Spain is another - and official - source of information

rma44

rma44

Helpful member

Wed Jul 3, 2019 10:11pm

Posts: 291

149 helpful posts

Posted: Wed Jul 3, 2019 10:11pm

PeterC wrote on Wed Jul 3, 2019 11:47am:

Firstly, assume nothing. It is a different country with very different rules, and may well become more different should the stupidity of Brexit actually happen. 

You can get your UK state pensions paid directly into your Spanish Bank, but your tax liability could be very different, depending on whether you have a government pension, private pensions, property outside Spain, assets worth over €50000 (including pension pots)....

You should do a lot of research, and talk to an asesoria or gestor here for advice.

Beware the man in the bar, who speaks little Spanish but is fluent in “cojones”!

Agree with what you say about moving to Spain, but please don't give your opinion on Brexit. It was a democratic decision and as such should go ahead....otherwise democracy in the UK is dead. If anyone chooses to live abroad then you have to accept that your opinion counts for nothing.

Bill17520

Thu Jul 4, 2019 12:01pm

Posts: 90

Location: Mar De Cristal

27 helpful posts

Posted: Thu Jul 4, 2019 12:01pm

Sorry ma44, it is you, also,  who is giving us your opinion on Brexit. Please let us leave politics out of this very useful forum.

rma44

rma44

Helpful member

Thu Jul 4, 2019 12:17pm

Posts: 291

149 helpful posts

Posted: Thu Jul 4, 2019 12:17pm

Totally agree, I didn't raise the subject in the first place.

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Related topics

Find more Taxes topics from a particular area:


Register for free!

Login to your account

Trish Birch Therapy
Property Rentals and Sales
Advertise your business here