Join Talk Quesada
Welcome to Talk Quesada! My name's Alex and this is my website all about Ciudad Quesada in Spain. Talk Quesada is free to sign up and use so register below!
Capital gains tax and local tax return
Re: Capital gains tax and local tax return
by marcliff » Wed Jan 24, 2024 7:20 pm
[
Last edited by marcliff on Fri Mar 08, 2024 8:14 am, edited 1 time in total.
-
marcliff - Posts: 9694
- Joined: Sat Mar 03, 2012 4:41 pm
- Location: Doña Pepa 2
- Which part of Spain are you from?: Dona Pepa 2
- Gender: Male
Re: Capital gains tax and local tax return
by Mart 63 » Wed Jan 24, 2024 7:31 pm
marcliff wrote:Mart 63 wrote:Who do you bank with in the UK. I'm with Halifax and I can't get any interest on my savings. Also I'm not allowed to buy premium bonds or isa's.
Natwest
No you can't buy premium bonds or ISAs from Spain or, should I say, you aren't supposed to but some do as long as the payments are from a UK bank account. If you have an ISA you can keep it but you can't add to it once you lose UK residency.
Most banks won't let you open a UK account if you are not a resident but if you had an account before you moved they will let you although some are closing them down.
But I can assure you that, if you have an account, they do pay interest on that account and, indeed, one of the questions on my tax return is how much interest do I get and what currency.
I need to have a word with my bank. I also asked other banks if I could open an account. I could being a Spanish resident, but wouldn't get interest paid on savings, if I was a Spanish tax resident.
- Mart 63
- Posts: 331
- Joined: Mon Apr 02, 2018 10:18 am
- Which part of Spain are you from?: Quesada
- Gender: Male
Re: Capital gains tax and local tax return
by marcliff » Wed Jan 24, 2024 7:46 pm
N
Last edited by marcliff on Fri Mar 08, 2024 8:14 am, edited 1 time in total.
-
marcliff - Posts: 9694
- Joined: Sat Mar 03, 2012 4:41 pm
- Location: Doña Pepa 2
- Which part of Spain are you from?: Dona Pepa 2
- Gender: Male
Re: Capital gains tax and local tax return
by Mart 63 » Thu Jan 25, 2024 9:51 am
I just phoned the Halifax about interest, mine is a current account. You don't get interest on a current account, only on a savings account. I've got to phone them back at 10 to see if I can get a savings account.
- Mart 63
- Posts: 331
- Joined: Mon Apr 02, 2018 10:18 am
- Which part of Spain are you from?: Quesada
- Gender: Male
Re: Capital gains tax and local tax return
by Philipb1407 » Thu Jan 25, 2024 10:44 am
marcliff wrote:Not many banks allow you to open an account if you are non resident. If you already have an account you can keep it with most banks but not the likes of Barclays, for example.
Natwest allows you to open an account as a non resident and so does Nationwide but you have to open the account in person and not online.
Not paying interest on a UK account is something I've never heard of unless it's an offshore account.
All UK accounts pay interest including British offshore, I’ve done the round's, they range from as little as 0.10% to 5.50%.
My Spanish account has no interest, yet I can open an interest account if I so wish, but it would be complicated in terms of tax on the interest!
Thank you for the earlier advise, it’s good to know I’m unaffected as a non resident. My tax affairs are complicated enough in the UK I’d hate to have to declare in Spain too.
I'm trying to get my head around if I need to tell HMRC that I own a 350k property in Spain. Or that I have a large balance in my Spanish bank!
- Philipb1407
- Posts: 438
- Images: 0
- Joined: Sat Jun 04, 2016 9:08 am
Page 3 of 3 • 1, 2, 3
25 posts
• Page 3 of 3 • 1, 2, 3
Related topics
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Capital Gains Tax
by JustGinger » Fri Feb 09, 2024 5:13 pm in Quesada general discussion - 6
- 272
-
by MALTHOM
Sat Feb 10, 2024 9:12 am
-
Capital Gains Tax
-
-
CAPITAL GAINS TAX ON SALE OF UK FAMILY HOME
by EdOD » Thu Feb 22, 2024 2:16 pm in Taxes in Spain: Suma, NIE and general tax advice - 1
- 176
-
by Bee
Tue Mar 26, 2024 11:58 am
-
CAPITAL GAINS TAX ON SALE OF UK FAMILY HOME
-
-
Torrevieja to Benidorm return
by faolteam » Tue Jan 16, 2024 12:22 pm in Quesada general discussion - 2
- 233
-
by jpeg
Tue Jan 16, 2024 1:59 pm
-
Torrevieja to Benidorm return
-
-
PSI consultants - tax return Q4 2023
by pjdkca » Sat Feb 03, 2024 4:56 pm in Quesada general discussion - 1
- 167
-
by jpeg
Sat Feb 03, 2024 4:57 pm
-
PSI consultants - tax return Q4 2023
-
-
Local school
by Quesadacurious » Mon May 22, 2023 1:56 pm in Quesada general discussion - 0
- 175
-
by Quesadacurious
Mon May 22, 2023 1:56 pm
-
Local school
Return to Quesada general discussion
Who is online
Users browsing this forum: Bing [Bot], WTR and 59 guests
Login
Find in Quesada
Quesada pages
Quesada discussion
Quesada general discussion
Banking and finances
Broadband, Wifi, Phone and TV
Buses and public transport in and around Quesada
Driving to Spain / Car hire in Spain / Buying and owning a car in Spain
Fiestas in Quesada
Flights, baggage and airports
Health services in Quesada
Insurances and wills in Spain
Items for sale and wanted in and around Quesada
Interesting articles about Spain
Jobs and careers in Quesada
Lost and found in Quesada
Market days
Places to go for free Wi-Fi
Recommended restaurants / cafes / bars
Recommended Tradesmen and Companies
Residency in Spain: padron, residencia and passport advice
Safety / security information and property in Spain hints and tips
Taxes in Spain: Suma, NIE and general tax advice
Taxis in Quesada
Things to do and places to go in and around Quesada
Utilities in Spain: Electric, gas and water recommendations and advice
Weather in Quesada
Where to buy things in and around Quesada
Where to hire things in and around Quesada
Properties discussion
Businesses and places in Quesada
Bars and pubs in Quesada
Beaches near Quesada
Beauticians / Beauty salons in Quesada
Bedding and soft furnishings shops in Quesada
Butchers in Quesada
Car dealers in Quesada: new and used car dealers
Car garages, mechanics, tyre fitter centres in Quesada
Car hire in Quesada
DIY / Bricolage / Ferreteria stores in Quesada
Equipment hire centers in Quesada
Estate agents in Quesada
Furniture shops in Quesada
Garden centres and garden furniture shops in Quesada
Golf Courses in Quesada
Grills / gates / metal items shops in Quesada
Hairdressers in Quesada
Hotels, guest houses and bed and breakfasts in Quesada and nearby
Internet service providers that cover Quesada
Launderettes / dry cleaners in Quesada
Markets in Quesada
Medical / Health centers in Quesada
Pet shops in Quesada
Pharmacies / Chemist shops in Quesada
Restaurants in Quesada
Shopping centres in Quesada
Sports centres and gyms in Quesada
Supermarkets in Quesada
Swimming pool services in Quesada
Town Halls (Ayuntamientos) in Quesada
Waterparks/Aquaparks in Quesada
- TalkQuesada » Board index
- The team • Delete all board cookies • All times are UTC [ DST ]
- Our other websites:
- Costa Blanca forum
- Costa Calida forum
- Costa del Sol forum
- Costa de Almeria forum
- Costa de la Luz forum
- Costa Dorada forum
- Costa Brava forum
- UK forum
- Jobs in the UK
- Our policies:
- Privacy policy
- User agreement
- Content policy
- Website created and operated by JSM Forum Websites