Results 1 to 25 of 25

Thread: UK to end pensions for overseas spouses

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Respected Member
    Join Date
    Aug 2008
    Location
    Spain since 1988. My wife has been here since June 2006
    Posts
    2,384
    Rep Power
    102
    until selling up in 1991

    Fred, hardly a reasonable comparison now, i.e. that was 25 years ago. Lots of things have changed since then. Including being able avoid / evade taxes.

    In Spain if one has assets totally 50,000 euros, that are located outside Spain they must be declared, with an up date every year. Failure to do is a minimum fine of 10,000 euros up to a fine of 150% of the assets not declared plus interest. A Spaniard was recently made to pay 460,000 euros because he failed to declare 350,000 euros in Switzerland.

    Also if one is tax resident (living) in Spain then they must pay tax on any properties additional to their main home, owned anywhere in the world. We pay Spanish tax on my wife's house in Philippines.

    If one has assets worldwide over 1 million euros there is also a wealth tax which must be paid

    Also inheritance taxes, even between spouses, can be astronomical.

    Tax haven it is not !


  2. #2
    Moderator Arthur Little's Avatar
    Join Date
    Oct 2008
    Location
    City of Perth, Scotland
    Posts
    24,230
    Rep Power
    150
    Quote Originally Posted by Arthur Little View Post

    Perhaps now. But the following link to his biography indicates he did, in fact, reside in Marbella from 1974 as ... [I quote] a "tax exile", until selling up in 1991 and moving to the Bahamas.

    www.biography.com/people/sean-connery-9255144:
    Quote Originally Posted by johncar54 View Post
    until selling up in 1991

    Fred, hardly a reasonable comparison now, i.e. that was 25 years ago. Lots of things have changed since then. Including being able avoid / evade taxes.
    ........ may be so, John. But, ... I would imagine you meant Arthur here, instead of Fred.


  3. #3
    Moderator fred's Avatar
    Join Date
    Feb 2006
    Location
    South,North East,somewhere.
    Posts
    11,502
    Rep Power
    150
    Quote Originally Posted by Arthur Little View Post
    ........ may be so, John. But, ... I would imagine you meant Arthur here, instead of Fred.

    Yes John..Stop putting words in my mouth!


  4. #4
    Respected Member
    Join Date
    Aug 2008
    Location
    Spain since 1988. My wife has been here since June 2006
    Posts
    2,384
    Rep Power
    102
    Quote Originally Posted by Arthur Little View Post
    ........ may be so, John. But, ... I would imagine you meant Arthur here, instead of Fred.
    Error accepted Fred, but Arthur 'if the cap fits' (you are wearing the Hat ! )


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. pensions
    By stevewool in forum Loose Talk, Chat and Off Topic
    Replies: 10
    Last Post: 3rd February 2014, 20:50
  2. pensions
    By stevewool in forum Loose Talk, Chat and Off Topic
    Replies: 6
    Last Post: 17th September 2013, 06:34
  3. New pension rules for overseas spouses
    By Andy in forum News UK
    Replies: 21
    Last Post: 7th May 2013, 19:25
  4. Pensions
    By andy222 in forum Loose Talk, Chat and Off Topic
    Replies: 71
    Last Post: 28th March 2012, 06:06
  5. pensions
    By stevewool in forum Loose Talk, Chat and Off Topic
    Replies: 18
    Last Post: 25th February 2012, 21:10

Visitors found this page by searching for:

Nobody landed on this page from a search engine, yet!
SEO Blog

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Filipino Forum : Philippine Forum