Residency Certificates for EU residents

[Peter & Fiona]

Originally Posted by Stravinsky

If you're coming here to live then you have to register within 3o days arguably, although many people treat it as 6 months. Speaking realistically you could wait until you return, and in that way if you have a UK reg car it gives you a bit more time as you are not resident in effect

Did you say sing?

HI Ya,

Sorry not come back sooner - had a busy weekend singing.

Could you change name to Peter and Fiona.

Also, I put my website address into the box when I signed up, but it isn't on my messages. Is it ok to put it on?

Do you know this - If we get Spanish plates etc on our English car. What happens when we bring the car back to the UK. Do you know long can we run on Spanish plates in the UK?

It seems to be so complicated because we are coming back for November December.

Much appreciate your help

[Stravinsky]

Originally Posted by Fiona McLean

HI Ya,

Sorry not come back sooner - had a busy weekend singing.

Could you change name to Peter and Fiona.

Also, I put my website address into the box when I signed up, but it isn't on my messages. Is it ok to put it on?

Do you know this - If we get Spanish plates etc on our English car. What happens when we bring the car back to the UK. Do you know long can we run on Spanish plates in the UK?

It seems to be so complicated because we are coming back for November December.

Much appreciate your help

As I said earlier, you will probably be able to get away with it for the first visit as you wont be permanent residents. Pointless changing to Spanish and then changing back

You can put a web site address in your signature as long as its your personal site.

I'll get your name changed

[crookesey]

Originally Posted by Stravinsky

Oh sorry, I read so many posts I missed that

Regret to inform though that after you have been living here for 6 months you will become a Spanish Tax resident and will be liable for taxes here in Spain, not in the UK. Offshore, UK, wherever ... it does not matter. Your taxes will have to be paid in your country of residence, i.e. Spain.

That will include

Income tax: On any income from investments, rents, bonds etc etc
Wealth tax: On your worldwide assets

There are stiff fines for non payment

You can, if you wish, continue paying in the UK but when the Spanish catch up with you (they are actually working with the UK authorities now on this, and actually have exchange staff in each country) they will want their two penneth also .... you wont have to pay twice as there is a reciprocal arrangement, but you may have to pay twice and then reclaim.

It can actually be beneficial to be a tax resident here, especially now the 10p tax rate has gone.

OK, so if we buy a Spanish property through a UK Ltd Co and live in it there will be no individual wealth tax charge and it won't be included in our Worldwide Wealth. Also no Spanish IHT liability or death duties.

State and private pensions can be taxed in the UK and offshore bonds have a 20 years, 5% p/a tax-free withdrawal of capital option. The only way the authorities could get to know is if you encashed the bond and were issued with a 'Chargeable Event Certificate'.

If someone is living in Spain on a pension and not doing undeclared work they should have nothing to worry about. It's impossible to tell how long someone has been in the country since they stopped stamping passports.

We will pay VAT on practically everything that we buy so why would the Spanish authorities concern themselves with us if we are law abiding? There is absolutely nothing wrong with opening a Spanish bank account, I would think that we need one.

[Stravinsky]

Originally Posted by crookesey

OK, so if we buy a Spanish property through a UK Ltd Co and live in it there will be no individual wealth tax charge and it won't be included in our Worldwide Wealth. Also no Spanish IHT liability or death duties.

State and private pensions can be taxed in the UK and offshore bonds have a 20 years, 5% p/a tax-free withdrawal of capital option. The only way the authorities could get to know is if you encashed the bond and were issued with a 'Chargeable Event Certificate'.
If someone is living in Spain on a pension and not doing undeclared work they should have nothing to worry about. It's impossible to tell how long someone has been in the country since they stopped stamping passports.

We will pay VAT on practically everything that we buy so why would the Spanish authorities concern themselves with us if we are law abiding? There is absolutely nothing wrong with opening a Spanish bank account, I would think that we need one.

Are you suggesting tax evasion is the answer then?
Actually I'm better off being taxed in Spain than I was in the UK!!!

[crookesey]

Originally Posted by Stravinsky

Are you suggesting tax evasion is the answer then?
Actually I'm better off being taxed in Spain than I was in the UK!!!

There is a distinct difference between tax avoidence and tax evasion, check it out. It didn't use to work as the UK Revenue used to tax people living in a property owned by a UK company on the assumed rental value of the property in question.

This is now not the case, Labour ministers owning villas in Tuscany might be the reason.

[Stravinsky]

Originally Posted by crookesey

There is a distinct difference between tax avoidence and tax evasion, check it out. It didn't use to work as the UK Revenue used to tax people living in a property owned by a UK company on the assumed rental value of the property in question.

This is now not the case, Labour ministers owning villas in Tuscany might be the reason.

Barclays Bank were recently court ordered by Tax man to release details of all their off shore accounts holders .... what does that tell you

[mrypg9]

Our accountant tells us that reciprocal agreements mean that you are taxed in one country only. In our case that will be the UK. Same situation as here in the Czech Republic.
10p tax rate won't make any appreciable difference!
This board is very useful - the information given is much appreciated.
We want to rent long-term, for at least five years until a family property will be available for us. You need a vivienda - is that right?
How common are rental properties with a five-year vivienda?

[Liz]

Originally Posted by mrypg9

Our accountant tells us that reciprocal agreements mean that you are taxed in one country only. In our case that will be the UK. Same situation as here in the Czech Republic.
10p tax rate won't make any appreciable difference!
This board is very useful - the information given is much appreciated.
We want to rent long-term, for at least five years until a family property will be available for us. You need a vivienda - is that right?
How common are rental properties with a five-year vivienda?

You will not get a British owned property that will do a five year term (well not in our experiene). We rent on a year to year basis though.

[mrypg9]

Originally Posted by Stravinsky

Barclays Bank were recently court ordered by Tax man to release details of all their off shore accounts holders .... what does that tell you

All off-shore banks are required to provide details of account-holders' tax liabilities. We pay tax on our off-shore assets and rightly so.
It tells you that would-be tax-dodgers have to comply like the rest of us!!

[mrypg9]

Originally Posted by Liz

You will not get a British owned property that will do a five year term (well not in our experiene). We rent on a year to year basis though.

I'm not bothered who the property is owned by!! But I don't want to be calling Allied Pickfords every other year.
We're looking in the Marbella area - loads of nice country houses on 'long term' rental basis.
Just wondering how long term that is......