Spanish Tax Office
- peteroldracer
- Andalucia Guru
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Re: Spanish Tax Office
I will try to leap in before ElCid does: the new agreement comes into force in 2016, so nothing changes until then ( for the 2015 return).
I used to cough to disguise a [email protected] I f@rt to disguise a cough.
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- Andalucia Guru
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Re: Spanish Tax Office
Just to clarify the situation (which can be very confusing), it is in force now as it came into force with regard to UK Govt pensions on Jan 1 2015, so it is in effect for income this year.
That income, for the 2015 tax year, will have to be declared in 2016.
Sid
That income, for the 2015 tax year, will have to be declared in 2016.
Sid
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- Andalucia Guru
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Re: Spanish Tax Office
I don't think it means you are taxed twice it is just that some or all of the tax you do pay may be pushed into a higher bracket.
Let's go Brandon!
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- Andalucia Guru
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- Joined: Sun Oct 24, 2004 10:42 pm
- Location: La Herradura, Costa Tropical, Granada
Re: Spanish Tax Office
It's just semantics.
If, as a result of declaring a UK Government pension, you end up paying more tax, that is a direct result of declaring that pension so effectively you are being taxed twice on the same income, albeit at a lower rate than you would have been if it was declared in the normal way.
That said, I can see no reason why government pensioners should pay less tax than I do on the same total income, which, because of the benefits of two sets of allowances and lower tax rates, will still be the case after the new treaty.
Perhaps us "normal" pensioners should petition HMRC to have our UK occupational pensions treated the same way.
Sid
If, as a result of declaring a UK Government pension, you end up paying more tax, that is a direct result of declaring that pension so effectively you are being taxed twice on the same income, albeit at a lower rate than you would have been if it was declared in the normal way.
That said, I can see no reason why government pensioners should pay less tax than I do on the same total income, which, because of the benefits of two sets of allowances and lower tax rates, will still be the case after the new treaty.
Perhaps us "normal" pensioners should petition HMRC to have our UK occupational pensions treated the same way.
Sid
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