Quote:
Originally Posted by Stravinsky
Yes you are taxed in one country only under the reciprocal agreements, but it is your country of residence. If you live and reside in Spain you will be liable for tax in Spain. You can go ahead and happily pay your tax in the UK if you like, but when the Spanish tax man catches up with you he will want his pound of flesh also.
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Not so. We have been resident outside the UK for several years with full knowledge of the Czech tax authorities and with residency permits. We pay UK tax and UK tax only on our income.
We could have chosen to be taxed in our current country of residence but stayed with the UK tax system. Reciprocal agreements on taxation of pension and investment incomes mean that you do not pay twice. That's why they exist.
We took professional advice as we obviously wanted the best financial arrangements.