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Tax 2019 - Average exchange rat

Tax 2019 - Average exchange rat

Postby zeff » Tue Jun 02, 2020 4:25 pm

What is the average exchange rate GBP to EURO for 2019 that the Spanish Authorities use to calculate your amount of tax due for that particular year?
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Re: Tax 2019 - Average exchange rat

Postby marcliff » Tue Jun 02, 2020 4:38 pm

Our solicitors said the rate being used for 2019 is 1.1754 to the pound.
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Re: Tax 2019 - Average exchange rat

Postby zeff » Tue Jun 02, 2020 5:28 pm

Thank you Marcliff for your quick reply.
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Re: Tax 2019 - Average exchange rat

Postby elchedave » Tue Jun 02, 2020 7:22 pm

marcliff wrote:Our solicitors said the rate being used for 2019 is 1.1754 to the pound.



Strange, mine has stated rate of exchange at € 1.1399 to the £
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Re: Tax 2019 - Average exchange rat

Postby Espanabums » Tue Jun 02, 2020 7:51 pm

The rate for 2019 depends on what is being reported on.
For modelo 720, declaration of assets it is the exchange rate on 31 December 2019, 1.1762
For modelo 100, the normal income tax return, it is the average exchange rate for the whole or 2019, 1.1399
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Re: Tax 2019 - Average exchange rat

Postby marcliff » Tue Jun 02, 2020 8:25 pm

I thought the rate seemed a bit high so probably just meant the 720.
I did my tax return to the solicitors in pounds so should be OK.
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Re: Tax 2019 - Average exchange rat

Postby Floreus » Wed Jun 03, 2020 7:42 am

1.14 is the average....
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Re: Tax 2019 - Average exchange rat

Postby Floreus » Wed Jun 03, 2020 7:46 am

Month £ to € Days
Jan 1.128716 31
Feb 1.145218 28
Mar 1.16559 31
Apr 1.158961 30
May 1.149658 31
Jun 1.122173 30
Jul 1.112574 31
Aug 1.091203 31
Sep 1.120712 30
Oct 1.143413 31
Nov 1.16498 30
Dec 1.179603 31
Average for Year 2019 1.14 365
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Re: Tax 2019 - Average exchange rat

Postby Brightonsuperwomn » Wed Jun 03, 2020 9:11 am

That info is very timely and useful, thank you all.
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Re: Tax 2019 - Average exchange rat

Postby A.N.Other » Wed Jun 03, 2020 1:17 pm

Double post.
Last edited by A.N.Other on Wed Jun 03, 2020 1:18 pm, edited 1 time in total.
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