An alternative strategy would be to relocate to country where the tax regime does not seem to be fuelled by the politics of envy. A country that is some circa three hours from office desk to home office, has exceptional road, transport and health infrastructure, some of the best golf courses on the planet, as much beach as you and your kids can dream of, schooling that sits head and shoulders above many of its UK OFSTED counterparts, an average of 325 days of sun a year and an average summer coastal temperature of 36°, a current property market offering real value for money and an EU recognised initiative to ensure that previous planning uncertainties are a thing of the past - need I go on……….
Yes - Ladies and Gentlemen, and I cannot quite believe this either – but I give you SPAIN.
Let me say this quietly to avoid the rush for the EXIT but Spain has as its highest income tax rate – a FOURTY THREE PERCENT ceiling – applicable to earnings in excess of €53,407.
Wealth tax has been effectively abolished in Spain and the personal allowances for all “Resident” earners – regardless of earnings - vary from €8551 for a joint declaration to a cumulative child allowance that rises with the 4th child to €4,182. Consequently, in addition to a saving on income tax of 7% it seems in cash terms earning £150,000 and electing Spain as your tax residency may well leave you, under the current Spanish regime, materially better off.
Now that’s what I call a lifestyle decision. Think on……
Mark FR Wilkins
Domus3Sixty - The Rights Group SL
[email protected]
Spain recomended as fiscal haven???
Spain recomended as fiscal haven???
Full article is on Typically spanish quoting from a newspaper article......
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- Andalucia Guru
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Re: Spain recomended as fiscal haven???
Very interesting, Jool. I think that those of us eating bread and cheese to ride out the exchange rate battle may, long term, be glad we stayed in Spain after all.
Re: Spain recomended as fiscal haven???
I think that article is codswallop! Who is the "rights group" anyway. It would be very rare for someone to be better off paying tax here. We would pay less in the UK.
Re: Spain recomended as fiscal haven???
There is a lot of info about him on his website I think
Re: Spain recomended as fiscal haven???
Dear Katy,
I do appreciate the trouble you have gone to to air your views on my recent piece of "tongue firmly in cheek" observation. Please don't take me so seriously - but I believe that nothing I have commented on is factually incorrect.
I believe that we all have a responsibility to encourage visitors to the Costas and to raise those positive aspects in Spain that could bring benefit to their lives. Aren't you yet sick of the worldwide media negativity that seems devoted to Spain bashing? I know I am.
Regards,
Mark
I do appreciate the trouble you have gone to to air your views on my recent piece of "tongue firmly in cheek" observation. Please don't take me so seriously - but I believe that nothing I have commented on is factually incorrect.
I believe that we all have a responsibility to encourage visitors to the Costas and to raise those positive aspects in Spain that could bring benefit to their lives. Aren't you yet sick of the worldwide media negativity that seems devoted to Spain bashing? I know I am.
Regards,
Mark
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- Resident
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Re: Spain recomended as fiscal haven???
Hi Mark, how about giving some of the board users here some advice. Nothing too complicated but a taste of what we could get if we went to someone like you guys.
Re: Spain recomended as fiscal haven???
I do think some of the negativity about Spain is unjustified. Wouldn't go as far as to think it is my responsibility to encourage visitors to the Costas as I am not earning money out of them. I do feel I should point out that people giving any sort of financial advice (in Spain) should be treated with caution and that there is no such a thing as "free" advice (Admin edit). Infact advice from many Companies (Admin edit) have cost ex-pats millions of euro and helped to give the coast it's negative reputation as a rip-off place.
The advice given in your advertisement contradicts advice given by my Accountant although I realise that every Taxpayers circumstances are different. Before anyone contemplates taking any advice I would suggest they read the Costa action group website.
The advice given in your advertisement contradicts advice given by my Accountant although I realise that every Taxpayers circumstances are different. Before anyone contemplates taking any advice I would suggest they read the Costa action group website.
Re: Spain recomended as fiscal haven???
Scotty he would not be allowed to by Admin as it would be seen as unpaid advertising, but you can go to his own website......look up the words Mark and then the Rights Group on google
Re: Spain recomended as fiscal haven???
Katy,
Scotty, thanks for your suggestion but I am not an Accountant. I did practice as a Solicitor in the UK for many years.
I am concerned by the nature and content of certain postings that have appeared today on this site.
Katy, to avoid any further misunderstanding, may I have your contact details so we can discuss your comments further off line.
Regards,
Mark
Scotty, thanks for your suggestion but I am not an Accountant. I did practice as a Solicitor in the UK for many years.
I am concerned by the nature and content of certain postings that have appeared today on this site.
Katy, to avoid any further misunderstanding, may I have your contact details so we can discuss your comments further off line.
Regards,
Mark
Re: Spain recomended as fiscal haven???
I don't give anyone my contact details. I stand by what I posted above and do not wish to discuss it further. You have an opinion and I have mine
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Re: Spain recomended as fiscal haven???
Time for a moderator (admin) to step in & delete the thread or lock it. Speaking as a mod on a car forum ....when people start wanting to talk offline it normally goes the "legal" route.
Re: Spain recomended as fiscal haven???
Katy - if your info about tax being less in the UK then why do so many pensioners choose to be taxed in Spain? Unfortunately we cannot but it seems there is a significant difference whereby pensioners who are taxed in Spain are significantly better off ......is it jsut different for pensioners?
Now I´m confused as its all got personal and I don´t read Katy´s comments as aimed at Mark but at certain IFA´s of the past and possibly some still current ....what do you do for work now Mark?
Now I´m confused as its all got personal and I don´t read Katy´s comments as aimed at Mark but at certain IFA´s of the past and possibly some still current ....what do you do for work now Mark?
Re: Spain recomended as fiscal haven???
I am not a pensioner but if you live here year round you do not "choose" where you pay tax. I think to describe Spain as a fiscal tax haven is utter rubbish actually........
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- Andalucia Guru
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Re: Spain recomended as fiscal haven???
As Katy said, you cannot choose where to be taxed - that depends on where you live.Jool wrote:Katy - if your info about tax being less in the UK then why do so many pensioners choose to be taxed in Spain? Unfortunately we cannot but it seems there is a significant difference whereby pensioners who are taxed in Spain are significantly better off ......is it jsut different for pensioners?
Some pensioners with government pensions have the advantage that their government pension has to be taxed in the UK and the UK state pension and any other income is taxed in Spain. That means that they get two sets of allowances and start paying tax at the lowest rate in each country.
If you forget this aspect, the average pensioner will pay more tax in Spain as the allowances are not as good as in the UK and the tax rates are higher. The exception to this is if your pension is in the form of a personal annuity which taxed at a very low rate in Spain.
Although it is less likely for a pensioner, if you have a mortgage then you get considerable tax relief in Spain on the payments, not just the interest, the whole payment is allowable and can be worth up to €1350 off your tax bill and double that if you are taxed separately.
Sid
- Devils Advocate
- Andalucia Guru
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Re: Spain recomended as fiscal haven???
Stick to that as well Katy, what a ludicrous request to a woman on what is essentially a faceless forum, I'd be a bit miffed if it happened to my OH............in a big way.katy wrote:I don't give anyone my contact details
DA
Property owner in Andalucia since 2002. How time flies.
Re: Spain recomended as fiscal haven???
I was referring to pensioners who are currently automatically taxed in the UK in my post, sorry if I misled youyou cannot choose where to be taxed - that depends on where you live.
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- Andalucia Guru
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Re: Spain recomended as fiscal haven???
Presumably you are referring to those UK pensioners who have government pensions which are the only pensions which are automatically taxed in the UK.
Sid
Sid
Re: Spain recomended as fiscal haven???
You can always use the personal message service to send a private message to Katy, if you want, Mark!
Re: Spain recomended as fiscal haven???
Well, all of you other posters deserve it....just kidding
Seriously, I think it is a bad idea for a one poster to be able to send personal messages
Seriously, I think it is a bad idea for a one poster to be able to send personal messages
Re: Spain recomended as fiscal haven???
Katy - Do you mean one particular poster or any poster (i.e. there should be no facility for pm's)?Seriously, I think it is a bad idea for a one poster to be able to send personal messages
John G
Ottawa, ON, Canada
Ottawa, ON, Canada
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