LIVING IN SPAIN BUT SAVINGS IN UK
Posted: 09 August 2007 12:09 PM  
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Hi am shortly moving to spain, can someone give advice on saving’s? Would like
to know what’s the best way to handle saving’s, i.e my wife and i are going to work and
rent for the first year in spain. We have a good bit of saving’s and want it to work as a
third income, i know about letting bank’s/ builing soc know that your living in spain so you
can get paid gross. But how would we go about spain would have to inform the tax man? And
would it be better monthly paid or yearly kind regards

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Posted: 25 August 2007 02:23 PM   [ # 1 ]  
Expatriator
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You should inform your bank that you live abroad and complete the appropriate forms so you don’t pay any tax on the interest there.
When you do a yearly tax return here give the end of year statement to your asesor so they can adjust it accordingly.
I believe yearly gives the best returns.

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Chris
http://www.freeadsspain.com

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