Advice on living in Spain, moneywise

RJC wrote:Thanks for the clarification.
Just interested to know does everyone qualify for the General Allowance?

Mostly, if they have an income or pension. I believe it is to contribute towards travel and clothing expenses.

I have just run your figures through the Agencía Tributario simulator and it comes out at 3,662.95

To use the simulator, here is the link

https://www2.agenciatributaria.gob.es/w ... &EJER=2023

Click on Nuevo Declaración
Fill in your NIE (in NIF box), Surname and forenames, single or married, Date of Birth dd/mm/yyyy, sex, Communitat Valencia
If you are married, fill in your spouse details too
Scroll down and click Acceptar

Click on Apartados Declaración
under Dataos Economicos click on Rendemientos de trabajo
Click the pencil next to box 3 and enter your income in euros in the box Importe Intégro
Scroll down and click Accepter
If you are married, click Modalidad (top right), choose Cónjuge and fill in your spouse income in box 3
Scroll down and click accepter


Click on Apartados Declaración and click on Rendimientos del Capital Mobilario (if you have savings)
Click on the pencil next to box 27 and enter your savings interest and dividends in ingresos íntegros
scroll and click accepter then click continuar
If your spouse has savings then repeat using Modalidad (top right)

If you have UK government pension then click Apartados Declaración and click (under compensaciones de bases imponibles y liquidables) Rentas Exentas con Progresividad
Click on the pencil at box 525 and enter your pension in euros then click accepter
Repeat for spouse if necessary

Click on resumen and you will get the summary of your completed tax return

If you are married it will give you a joint declaration and two individual ones and tell you which is most favourable to you

Click on Vista Previa to download the full sample return

tel49 wrote:I have been asked by my friend about taxation etc. First of all will he be taxed by Spain as he has only got an UK state pension to live on and he is in his 70s and does he need to fill in a regular tax form in Spain if he is below the UK/Spain pension threshold? Also as married is that needed for both or is there a joint allowance amount?
He or they are looking at renting only at the moment. I'm pretty sure he said too that their joint pension is less than £17000

Espanabums can you clarify what would be the personal allowances for a married couple over 70 in Spain. As a single person in their 70s would get €2000+€8100

Thanks

Bee

Is it also 2000 per person?

RJC wrote:Is it also 2000 per person?

Yes it is a personal General Allowance.

Bee wrote:Espanabums can you clarify what would be the personal allowances for a married couple over 70 in Spain. As a single person in their 70s would get €2000+€8100

Thanks

Bee

In lieu of a separate spousal tax declaration, an additional allowance of 3,400 is granted.
For a married couple over 70, I would imagine that a separate declaration would be more advantageous

Why not try the demo tax link I posted, it is not complicated, just a bit fiddly.

Thanks Espanabums. It was more for the original poster who started the topic I wanted to put the tax allowances to bed. I will definitely give the simulator a go following your very clear instructions.The only problem with the electronic way is that you never know how they arrived at the end figure.

Bee

Espanabums wrote:

Bee wrote:Espanabums can you clarify what would be the personal allowances for a married couple over 70 in Spain. As a single person in their 70s would get €2000+€8100

Thanks

Bee

In lieu of a separate spousal tax declaration, an additional allowance of 3,400 is granted.
For a married couple over 70, I would imagine that a separate declaration would be more advantageous

Why not try the demo tax link I posted, it is not complicated, just a bit fiddly.

Has the age changed from 75 to 70?

Spanish tax personal allowanceFor the 2022 and 2023 Spanish tax years there is a basic personal allowance for people under 65 of €5,550. Once you reach 65, the allowance rises to €6,700 and from aged 75 this increases again to €8,100.Mar 1, 2024

rainbow54 wrote:Has the age changed from 75 to 70?

No three bands
Under 65 5,550
65-75 6,700
75+ 8,100

Thank you Espanabums. I have had a bit of practice on it. I tried with different ages with the same single income.

70yrs one income for married couple of €19777 - Tax 1256.33.
Then one income married couple 77yrs, €19777 - no tax - (looks like tax exempt up to €22,365)

Mínimo personal y familiar +75
Mínimo personal y familiar Parte estatal €10650
Mínimo personal y familiar. Parte autonómica €11715

Then single person aged 72 €19777 Tax €2295.42

Bee