Vehicle and Driver Fines

If you are unlucky enough to be fined for a traffic offence (speeding etc) and you have been sanctioned by the Guardia Civil, you can pay the fine online with your credit or debit card and if you do it within 20 days of the fine being issued you save 50% The link is here and you must have the paperwork for the fine to hand with the reference number. If you can’t or don’t want …

Read More

CAR SALE / PURCHASE CHECKLIST

Making sure the vehicle is either in your name officially (or removed from your name if you are selling) is a more complicated process in Spain than it is in the UK Seller Photocopies of: NIF Or if non Spanish: White NIE in date plus Passport OR certificado de registro plus passport Originals of: Ficha Technica (car log Book)  SHOULD have a current ITV stamp with at least 1 month’s life left. (otherwise the vehicle …

Read More

Assets Reporting – modelo 720

Those who are newly arrived and fiscally resident in Spain  must present a modelo 720 which reports to the Spanish tax authority their assets exceeding 50,000 euros in any one of various categories which are held abroad. This could be Property owned or bank accounts held in the Uk for example Taxpayers who presented the modelo 720 in previous years before, you must resubmit again in the following cases: When any assets and rights that …

Read More

What to do if you are living permanently in Tenerife and are retired or coming up to retirement age.

There will be no change to the rights and status of EU nationals living in the UK, nor UK nationals living in the EU, while the UK remains in the EU.   If you have previously worked in Tenerife, you will find it has an effect on the way you claim your UK pension entitlement when you come to retirement age. How do I claim my UK pension?  You should be sent a EC rules claim …

Read More

Income Tax in Spain – Declaración de la Renta

Every year the Spanish tax man doles out billions of euros in tax rebates. Average rebates work out at around 780 euros each, for low to medium income tax payers. They can do this because they have already had your money. Unlike in the UK, where the tax man sets allowances against income in advance, in Spain, most people have a straight percentage of their gross pay deducted from their pay packet or they pay …

Read More

Residents and Fiscal Residency

Moving to Tenerife : Fiscal Residence and Keeping things straight Getting a residencia certificate (a green wallet sized piece of paper) with your NIE printed on it is often confused with being fiscally resident. Theoretically you could be staying for longer that 90 days in a Spanish tax year – and so required to comply with immigration regulations and get a residencia certificate – but then you could revoke the certificate after 170 days and go to …

Read More

What type of “residencia” residence document should I have?

Below are the basic requirements for adult EU citizens in Tenerife Spain. Bear in mind that at some point after the UK leaves the EU and most probably before 31 December 2020 British Citizens will have to apply for a third country Foreigner’s Identity Card (TIE): The procedure for this has not yet been confirmed but it is most likely that this will be processed in Santa Cruz. Updates will be posted here as and …

Read More