Tax Rates for 2017

Income Tax From (Euros) To (Euros) State tax % Regional tax % Total tax % 0 12,450 9.50 9.50 19.00 12,450 20,200 12.00 12.00 24.00 20,200 35.200 15.00 15.00 30.00 35,200 60,000 18.50 18.50 37.00 60,000 + – 22.50 22.50 45.00 Capital Gains Tax Rates Residents First 6,000 Euros: 19% 6,000 – 50,000 Euros: 21% 50,000 + Euros: 23% Non-residents 19% Allowable Depreciation Straight line method can be used for any depreciable asset. Reducing balance method …

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Buying a Business in Tenerife

If you are NOT thinking of buying a freehold business property, then in general what you are “buying” is what is called here a “Traspaso”. This is a private transfer type of arrangement and what you are paying for is goodwill, stock, fixtures and fittings in the premises (if they are not the property of the premises owner) and also getting the existing business holder to give up the right to what ever is left …

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Reclaiming 3% Retention Held back from Property Sale

If you are a fiscal resident in Spain and can produce a certificate of fiscal residence from the Spanish tax authorities the gain you make on the sale of a property will be taxed and included as part of your anual declaración de la renta. However if you are a NON fiscal resident in Spain an amount of 3% of the sale price of your Spanish property will be witheld and paid to the Spanish …

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Inheritance Tax: IMPUESTO SOBRE SUCESIONES Y DONACIONES

INHERITANCE MATTERS AND DEATH DUTIES FOR BRITISH PASSPORT HOLDERS LEAVING PROPERTY IN SPANISH TERRITORY   This is a complicated process and you may well decide to appoint a solictor rather than try and deal with the matter your self. The main difference between British and Spanish rules is that spain does not accept the concept of the “estate” of the deceased being taxed, in Spain the BENEFICIARIES of the deceased are individually taxed and importantly …

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S1 (Formerly E121)

If you are living permanently in Spain and you receive an exportable UK pension, contribution-based Employment Support Allowance or another exportable benefit, you may be entitled to state healthcare in Spain paid for by the UK. You will need to apply for a certificate of entitlement known as an S1 form. If so, you may also get healthcare cover from the UK not only for yourself but also for any members of your family who depend …

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What To Do In The Event Of a Death

If the death is suspicious or accidental the police would become involved and then there may have to be an autopsy and an enquiry in which case the relatives would be advised of what steps to take. If the deceased died in hospital then you should advise your local funeral director or Funeral Plan holder who will take care of arrangements. If the deceased; Died of natural causes at home Was registered with the Canarian Health service …

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Registering your child for a state school in Tenerife

If your child is staring school for the first time you need to sign them up in March/April for the following September. If they are transferring from a UK school you can apply at any time (obviously not school holidays) but may have to wait for the next term to start. You must visit the school administrator of the appropriate school in your cachement area, where you will be given a list of all that …

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Getting your own Doctor’s appointment at the Canarian National Health Doctor’s Surgery

If you know your CIP number which is on your medical card (and provided you are properly registered with a Spanish GP), then you can make an appointment on the internet click on this link Or you can ‘phone 012 seven days a week to make an appointment with your GP, when you get through a recorded voice will speak giving you options, when it pauses then press “one” on your telephone. You may get straight through …

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Who is entitled to Spanish National Health cover and how can I apply?

To check the quick guide to getting your healthcare entitlement click here Insured persons- those who are working or self employed and are making up to date Spanish national insurance contributions, plus their legal dependants. Retired EU citizens who were working legally in Spain and have now retired Unemployed in receipt of unemployment benefits. Unemployed who have exhausted their unemployment benefits and others of a similar nature and not having insured status on any other …

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Emergency Health Service Assistance Whilst On Holiday In Tenerife

If you need an Ambulance dial 112: if you say “English” a couple of times you will be passed to an English Speaking Operator. If you need to employ an interpreter during your doctor’s/ hospital visits please telephone (0034) 647057599 In the South of the Island of Tenerife, The Hospital del Sur (formerly known as El Mojon) has a 24 hour ER and Outpatients department for most disciplines except Onconology although there is a day …

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Who is entitled to Spanish National Health Cover How Can I apply?- Quick Guide

The grid below gives a guide to the documents rewuired to obtaion Spanish state health care entitlement and where you can obtain them. Use this link to download the asistencia sanitaria application form http://www.seg-social.es Use this link to make an appointment with CAISS https://sede.seg-social.gob.es ** Social Security There are offices in various parts of the island and depending on where you live and what business you need to transact you may be required to go to Los …

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Prescriptions

Many medications can not be purchased without a prescription either from a Private doctor or from your Spanish National Health service GP. In Spain National health prescriptions are partly paid for by the patient. A co-payment system of contributing towards the cost of prescriptions was introduced in July 2012. Most people, including UK pensioners, will be required to pay a percentage of the cost of their prescription medication. Co-payment will be handled by each autonomous …

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Can I get Health Care In Spain?

The Spanish National Healthcare Service is considered to be one of the best in Europe. Most statistics show the  the equal of the UK NHS and in some cases better. Access to this service is freely available to EU citizens as long as you have taken the necessary steps to prove your entitlement to the Spanish authorities, which in the case of  a retired person’s S1 document  will include applying for a Green  Residence registration certificate. The rules …

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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 …

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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 …

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Certificates of Residence – Quirks and Questions

As well as the standard requirements to become a resident in Spain , you either have to be: • Currently working legally in Spain, or be self employed and so have a Spanish income, Or you have to prove your income is sufficient to support you and your family, this is done either; • by having a lump sum in a Spanish bank or regular income over a period of time from a Spanish source …

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