Sid ...... very interesting (Mr Bond)!El Cid wrote: As for a company owned property, if you have rights over it, it must be declared.
Sorry I can't really answer that as it would be what the taxman thinks rather than my opinion.Mike.M wrote:
Can you give this old duffer a pointer as to the interpretation of 'rights over it'.
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I am pretty sure that any Ayuntamiento has the facilities to process it - ours certainly did.Wicksey wrote:I can't get the 'Nearest office' link to work for the authorisation of the digital signature but had a look at the other site on your FAQ thread (http://callejero.telefonica.es/PuntosCe ... lient=fnmt) .... it is an office dealing with "certificado de persona fiscia" I am looking for? It seems to show the town hall and the recaudacion office in Torrox - does that look correct? It would be good if it is as I originally thought I'd have to trek off to the Velez tax office
I would be equally happy to go along with that. But I'm really confused by this. Sid suggested "that all company final salary pensions are excluded as they are not assets as you have no control over them", but before taking my "defined benefits" pension, I had the open market option of taking my "pot" elsewhere to buy an annuity. I didn't, because nobody could improve on what the company was offering, but nonetheless I did apparently have control over the pot. Furthermore, Sid suggested that "There is even some evidence that personal pension funds are not included until they are cashed in and converted to annuities". Again, I don't really understand - I have a private pension that clearly has a value, as I can take it wherever I like to buy an annuity. But once I do, and start receiving the income, it will no longer have an asset value as I won't be able to extract any cash from it other than the monthly income.CapnBilly wrote:Following on from my post above, I received positive confirmation from the financial services company I use. In addition I spoke to Blevins this morning. They both confirmed our original understanding of the requirements, which is that company pensions I.e final salary/defined benefits do not need to be declared. My mate also received confirmation from his lawyers that their view was the same. I am now content with this advice, and will not be declaring mine.
There won't be any penalties if you declare the assets.Parilla wrote:One of the Financial Advisor companies operating down here believes that penalties will not be applicable if the asset was aquired with declared income (including under the 2012 amnesty), or was aquired PRIOR to becoming tax resident in Spain. They are taking further advice on this and it will be interesting to see the outcome, as for expats this would surely affect the majority of assets in the various classes.
Parilla
Miro wrote:
The suggestion here is that I don't need to declare either - the defined benefits company pension I am receiving already, nor the private pension which I have not converted to an annuity. Is that right?
Indeed, and most of this thread would become irrelevant for many of us! I suspect that would be too good to be true.Parilla wrote:for expats this would surely affect the majority of assets in the various classes.
It makes no sense - an "asset" that produces a taxable income is already being declared via income tax returns. Which takes me right back to what I said ages ago - that there is something rather sinister about all this. My offer to eat my shorts if this isn't just about finding a way to extract more tax from innocent, law abiding citizens (who are easier to hit than fat cats with 22 million stashed away in Switzerland) still stands.El Cid wrote:The only difference I can see is that a pension pot produces no taxable income but an annuity does.
In theory yes but in practice?Miro wrote:[
It makes no sense - an "asset" that produces a taxable income is already being declared via income tax returns. .
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