Re: Spanish Income Tax for residents FAQ

[alpujarran]

El Cid: many thanks for your "simple guide to income tax for residents in Spain."

However, being maybe a bit simpler than those you wrote it for , could I ask for just one more point to be covered?

Is the maximum that an indvidual resident can earn in Spain - without needing to pay any tax at all:

A: The personal allowance of 5151
B: The personal allowance 5151 PLUS the general allowance 2652 (ie: 7803 in total)
C: None of the above

??

[El Cid]

You get the personal allowance of 5151 plus the general allowance of between 4080 – 2652 and any age allowance that applies.

Sid

[alpujarran]

So - by my calculations - aged 56, I could earn 9,200 euros p.a. from my pension without needing to pay any income tax. That'll do for me

Thanks,

John

[Beachcomber]

Bear in mind that this just refers to your liability to pay tax not your obligation to submit a tax return.

[alpujarran]

Beachcomber,

Understood - I think. I've been doing tax-returns for years now even though there's been no tax to pay. I've tried explaining to other ex-pat residents that they should be doing this but to no avail. Anyway, I'm just in the process of sorting out my pension now and - because I have control over how much is paid and when - I was interested in the the amount I could draw tax-free.

John

[scampicat]

We are the only other Alpujarran pensioner expats who do tax returns! In fact I'm glad therre is someone else! Pleased to meet you!