Download our tax guide to get answers to key questions for those looking to move or who have already moved to Spain.
This in-depth guide includes:
- What criteria determine tax residency status?
- What are the tax implications for investments, pensions, and rental income?
- Is it necessary to have a Spanish will?
- Spanish succession tax, wealth tax, and capital gains tax
FAQs
In Spain, you are regarded as a tax resident if you spend more than 183 days in Spain during the Spanish tax year (calendar year) or if your main professional activity or the majority of your assets are based in Spain (i.e. if your centre of economic interest is in Spain). Additionally, you can be considered a resident in Spain if your spouse and/or dependent minor children live in Spain unless you can provide evidence to the contrary.
It’s important to note that there is no split-year treatment in Spain, meaning you are categorised as either a resident or a non-resident for the entire tax year.
Income generated from Individual Saving Accounts (ISAs) and winnings from Premium Bonds are exempt from taxes for UK residents. However, it’s important to be aware that once you become a resident of Spain, all income and gains derived from these investments will be subject to taxation in Spain. It is, therefore, vital to consult with us before your residency change, as we may be able to assist you in taking necessary steps prior to your move, potentially saving you from incurring unnecessary tax liabilities.
No.
As a consequence of the UK’s departure from the EU, UK pensions are no longer exempt from Spanish wealth tax.
All the things you need to know
Our tax advisers created this guide. With close to 4,000 expatriate and cross-border investor clients, we understand the pains of having assets split worldwide and have vast experience advising clients in this scenario. We have put together this easy-to-follow guide to help those investors taking the limited company route to help structure their finances.
This guide was last updated in June 2023.
