The Spanish tax system will probably seem a little strange to you at first. Income tax, capital gains tax and the equivalent of council tax are all different from the UK versions, and there are a few extra taxes to get to grips with as well.
But there are some tax advantages to living in Spain – and we can help you make the most of these. Although Spanish taxes have increased considerably during recent years, they are still lower than the EU average. With careful planning, many people can be better off in the Spanish system.
We’re experts in all aspects of tax – and we understand the double taxation agreements which override Spanish laws. They’ve been developed to help you avoid paying tax on the same things in both the UK and Spain, but finding out what tax relief is available in each situation is a complicated business. This is an area where you definitely need specialist advice, which Siddalls is well placed to provide.
You’re also likely to need help dealing with Spain’s wealth tax. This is an annual tax you have to pay on your property and other assets – and as we don’t have this kind of tax in the UK, you may find it difficult to accept at first. But, as with other taxes, expert advice can help minimise the amount you have to pay.