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?
Investment Income-Personal allowance?
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Re: Investment Income-Personal allowance?
It is allowable against all income.
Hardworking resident !!
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