Investment Income-Personal allowance?

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Paddy Pumpkin
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Location: Madrid

Investment Income-Personal allowance?

Postby Paddy Pumpkin » Sat Jun 03, 2017 9:44 am

I have investment income as my main source of income. Do I get the personal tax free allowance.

Take as an example the following scenario

Spanish Tax resident with Investment income EUR 25,550 (from outside Spain with no witholding tax levied at source)
Am I taxed on 25,550 or on 20,000 (25,550 less personal allowance 5,550)?

In other words is the personal allowance only allowable against general income?

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fincalospinos
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Posts: 824
Joined: Sat Jul 16, 2005 9:17 am
Location: Caleta de Velez

Re: Investment Income-Personal allowance?

Postby fincalospinos » Sat Jun 03, 2017 4:09 pm

It is allowable against all income.
Hardworking resident !!


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