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Spanish Tax Return Query

PostPosted: Wed Apr 24, 2019 9:15 pm
by Espanglo
Hi, just wanted to know if UK expats resident in Spain that do the Declaracion de Renta have to declare what savings they have in the UK?
Thanks in advance for any advice!

Re: Spanish Tax Return Query

PostPosted: Thu Apr 25, 2019 12:04 pm
by clivespana
If it is under the mattress no, if it’s in the bank yes.

Re: Spanish Tax Return Query

PostPosted: Thu Apr 25, 2019 1:08 pm
by Chrisdee
You only have to declare savings for the 720 and that's if the total assetts are over 50,000 or has increased since the last 720. For your tax now you don't have to declare your UK savings
clivespana wrote:If it is under the mattress no, if it’s in the bank yes.

Re: Spanish Tax Return Query

PostPosted: Thu Apr 25, 2019 2:29 pm
by Terry the gardener
Just the intressed one savings...that in my case is less than £10 a year ...lol

Re: Spanish Tax Return Query

PostPosted: Fri Apr 26, 2019 9:05 am
by KarenCouzens
If you signed an IR85 in UK to have interest paid gross then you have to declare the interest.

Re: Spanish Tax Return Query

PostPosted: Mon Jun 10, 2019 1:49 pm
by Ginger
You have to declare bank interest on savings in the UK no matter how paltry,