David Cook

David Cook

Company: Spain Accounting

Title: Owner

Latest question answered:

David Cook
David Cook

Hi David,

I'm an Australian national and I've been living in Madrid for almost two years and plan on staying for at least another few years (perhaps indefinitely). I am 'pareja de hecho' with my Spanish girlfriend.

I am due to receive a sizeable inheritance from my Australian grandfather so I was wondering if I would be liable to pay any taxes in Spain for it. All the assets are Australian. I currently don't do a tax return as I'm working as a teaching assistant making €9000 a year.

Many thanks!

by Tim on 18 Jun 2017 Read Answer
David Cook
David Cook

Hi
I have been offered a job. I am an independent contractor, in Spain. It will last for a maximum 13 days. I have to pay 19% tax, plus €50/day in tax.
Those are the conditions and I can accept or not.
However, what am I entitled to from the Spanish government due to paying income tax?
For these kinds of jobs I have previously paid income tax to the country I live in of the entire amount I have earned.
Thanks

by Tonje Siaperas on 15 Jun 2017 Read Answer
David Cook
David Cook

Hello,

We are American citizens who obtained Spanish residency on December 15, 2016.

Should we have filed modelo 720 by March 31, 2017 or by March 31, 2018?

Is someone in your firm familiar with US IRA accounts?

by Carole Warner on 28 May 2017 Read Answer
David Cook
David Cook

Hello David,
My wife and I (under retirement age) have a family house in the UK since 1989. We also have a house in Valencia where we intend to move to full time. We have been filing Form 210 since we bought the Spanish house in 2007.
We intend renting out the UK house on a long term let when we move to Spain full time. When we sell the UK house what allowances can we deduct and at current rates what percentage of the remainder could we expect to pay Capital Gains on ? Is it possible to reduce the CGT bill by using the proceeds to buy a different cheaper UK property- also to rent out - we would be doing this to free up some of the capital.
I have come across a couple of things : " Coeficientes de Abatiemiento and de Actualizacion - are they relevant and how are they calculated?

by Alex on 28 May 2017 Read Answer
David Cook
David Cook

My wife and I will be moving to Spain this year on retirement visas. We are buying a villa and so are getting NIE cards.

My understanding is that if we spend less than 183 days in Spain this year we won't have to pay Spanish income taxes. Is this correct? I ask because we are selling some US properties and I would prefer not to pay Spanish capital gains on those sales.

Also, is my understanding correct the double taxation treaty means that if we pay taxes on US income Spain will deduct those taxes from our Spanish tax and tax us on the difference? As an example, if my US tax is 30% and my Spanish tax is 45% will I pay 30% to the US and 15% to Spain?

Thank you,

Eric

by Eric Marsh on 21 May 2017 Read Answer
David Cook
David Cook

Hi David
We're selling our family home in England and moving to Spain in September 2017, so not tax resident for 2017 based on <183 days residency. As this is our principal residence we will not pay capital gains tax in UK but can you advise whether any capital gains tax may be charged by the Spanish tax authorities in 2017 or future tax years on the sales proceeds?
Many thanks
Michael

by Michael on 18 May 2017 Read Answer
David Cook
David Cook

Dear David,
I bought an apartment in Nerja, Spain in November 2016. This is a holiday home and I am not going to be resident in Spain.
I am also not renting the property out at any time so will have no income from it. Nor will I be doing any paid work in Spain when I visit.
I believe that I am liable to pay the non-resident tax which is based on the cadestral value (?) of my property.
Is this so, and how do I go about paying this tax? At what point in the year do I need to submit any forms or application?

Many thanks for your help

Best wishes
John.

by John Gregg on 18 May 2017 Read Answer
David Cook
David Cook

Hi David,
I am an Israeli citizen with a Bulgarian passport, and about to relocate from the Netherlands to Spain to work in a subsidiary of my current employer.

I will start traveling back ant forth next week, on a weekly basis but the real "relocating" (my wife will join me in a rental apartment) will be taken place only mid July or beginning of August.
In the beginning of our stay until the end of 2017 I will continue getting a salary from the Netherlands.

* If I will not accede the 183 day count, can i still become a Spanish tax resident due to the vital interest definition in the treaty between the two stats even if my employer is Dutch?

*How can I be covered for social security in Spain so i can take care of my (pregnant) wife while we are there? or should we get a private insurance?

* Suppose I will be paid from a Spanish company, when should I apply for the 19% flat income rate ruling? I read that besides having a EU passport there is nothing I need to have in order to get it, is that so? Does it apply during the monthly income tax deduction, or is it valid only for the annual report?

Thanks!!

by Rom Shaked on 18 May 2017 Read Answer
David Cook
David Cook

Hi David,

I have lived in Spain since Aug. 2015, and am returning to the US this summer. I'm thinking of returning on July 2 or earlier in order to avoid being a tax resident in Spain for 2017. Is leaving by this date safe? Will I then be liable just for income tax as a non-resident for 2017?

Thank you.

Matt

by Matt on 15 May 2017 Read Answer
David Cook
David Cook

Hi David,

I am moving to Spain later this year and we will be renting out our UK home. I also have another home that I rent out in London which I already pay tax on in the UK. Are we obliged to pay tax on these in Spain, or can we continue to pay in UK? I have received mixed advice. Thanks

by John on 08 May 2017 Read Answer

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