Hi

Does anyone have any experience or views as to whether it is bettter to reduce time in spain in your first year to less than 183 days to not be taxed there….and be taxed in UK/Ireland or is it better to conclude your tax year and take the refund and then move lock stock and barrel to Spain for tax purposes.

Also do you know if you can leave money in UK/Ireland bank accounts-Building Socities if you conclude your tax year. I am going to ask the tax chaps but if anyone knows or has experience…

thanks

We left the UK on the 30th June and told the tax office beforehand that we were going. We got all our tax back.
We didn’t then become tax resident until after six months which meant we didn’t do a tax return in Spain for that year either.
We didn’t earn anything in that time though.

We enquired with our bank who told us that we could keep our sterling account in the UK, you don’t have to be a resident in Spain to have a bank account there and it’s the same in the UK
You have to declare the interest in Spain on your tax return.

OK…thanks…only one more

If you still had funds in the UK…what about the interest paid on that account, did you state that you were non resident and thus pay no interest, or did you pay it and then reduce the tax impact under the bi-reciprocal arrangements?