presumably you'll have some kind of income?Is there anyone on here ( either in thread or by pm) or a site that could give a guesstimate re tax which might be payable in Spain
I am talking very simple situation ( no earnings, rental income etc). Just wondering in very general terms
Ha, ha - best laugh I've had for ages!What are the savings rates like with Spanish banks ?
Best generally I can see in UK is 2% for a 2 year fixed bond- anything similar/ better with main Spanish banks?
Of course - all world-wide earnings are taxable in Spain (ish).Hello
If you have a savings account in UK on which you pay tax on interest earned and you move to live f/t in Spain-is it taxed again in Spain as earnings?
Sigh. If you want, pm me with yours and your wife's ages, which region you might be living in (it matters because it affects tax rates) and the amounts involved and I'll fill it in and let you know the result. It'll take about 5 minutes and the bill will be in the post.Lol
Have given up. Its a nightmare as trying to switch between google translate, which doesn't seem to know half the words- then back to the form- just doesn't work
I will ask a Spanish speaker off another forum to have a go at it as ours is a VERY simple situation, one Crown Pension income,( my only income) one lump sum in a savings account ( wifeys only income)
I have looked at this and similar offers from a number of Spanish banks, and found that as these are current accounts not deposit accounts, the credit balance limits on which you can earn the 3% interest are quite small - I think €15,000 was the highest I saw and some were much less. They're not really suitable for lump sums on deposit.I personally have nothing to do with them but happened to notice a leaflet in the gestoría, have a look at Santander's 1,2,3 account which looks as though it may pay 3%