UK - SPAIN DTA (Double Taxation Agreement)
A British National, who establishes their habitual residence in Spain, should comply and fulfill certain obligations derived from their new residence status. One of these is to declare their annual income and pay their tax in spain in the event that the income declared is above the non- taxable minimum. Although while doing this it is also necessary that once starting to present income tax declarations in Spain that they stop paying tax on the same income in the UK.
The process to carry out the tax exemption in the Uk and the introduction into the Spanish tax system is what UK TAX REFUND SL specialize in. Our company being registered agents with Her Majesty Revenue & Customs (HMRC), having access to a selected professional team at the tax office, are able to give you peace of mind knowing that your tax affairs are dealt with professionally and with the discretion that is required.
The important thing is not only start paying taxes in spain, but to do it the right way, and for this completing the exemption process on your pensions in the Uk is fundamental, simultaneously resulting in the refund of any excess tax paid in the last four years in the UK.
DECLARATION OF WORLDWIDE ASSETS - FORM 720
With the new European Regulation being enforced, Spain introduced the obligation of the Declaration of World Wide Assets held with a value of 50,000€ or more. The European Savings Directive together with the new bilateral exchange of inform...
NON RESIDENT TAX
A person of British Nationality, who lives and pays their taxes in the UK but owns one or more property in Spain should submit an annual Non Resident Tax Return to the Spanish Tax Agency. In this tax return, if the property declared has been at ...
CONVEYANCING - SALE / PURCHASE
A service provided for the purchase or sale of a Spanish property. UK TAX REFUND SL are able to accompany you through the buying or selling process of a property with the initial consultation, the signing of the presales contract and paying a de...
CAPITAL GAINS TAX
In accordance with the tax laws of each country, when a property is sold a tax is payable which corresponds to the capital gain made with the sale of the same.
What has to be taken into consideration is if the property sold was the habi...
CFR (Certificate of Fiscal Residence)
The Certificate of Fiscal Residence, are issued by the tax authorities of the different countries. This demonstrates the fiscal status of a person in reference to a particular country. A British national living on a permanent basis in Spain and ...
SPAIN RESIDENTS ANNUAL INCOME TAX RETURNS (RENTA)
A British national, who lives in Spain on a permanent basis, or who is in Spain for a period of more than 183 days of the calendar year, have the obligation to declare their income for tax in Spain. There are other requirements to take into cons...
UK SELF ASSESTMENT TAX RETURN
A British national who, due to fulfilling certain requirements, for example being the owner of a property in the UK and receiving rental income, is required to complete each year tax return declaring the income received and pay the relevant tax ...