ronjonesnc
American expat in Spain
Forum posts
23
About me
American
Lives in Valencia
Speaks I speak some German and a little Mandarian from years ago. I understand some French and Spanish
Registration: 12 July 2023
Activity
Spanish Tax Form for treaty tax exemption by chasleslieb
What Spanish tax form is used to claim exemption from Spanish taxes as per dual tax residency provisions in the tax treaty with the U.S. I cannot get any accurate information from a Google search.It's like it is some big secret.
Since the Spanish tax rates are higher I have been paying the Spanish income tax for years and then entering that amount on the US tax form as a tax credit. Read More
Spanish Tax Form for treaty tax exemption by chasleslieb
What Spanish tax form is used to claim exemption from Spanish taxes as per dual tax residency provisions in the tax treaty with the U.S. I cannot get any accurate information from a Google search.It's like it is some big secret.
Here is a good explanation. One is not exempt from paying US or Spanish taxes but receives a tax credit. https://www.cpasforexpats.com/post/us-spain-tax-treaty-guide Read More
Need 30,000eur cash in Ibiza to pay for wedding by Adman77
Hi all. I’ve joined the forum as i suspect you guys may be the most knowledgable and most likely able to advise on my situation I am due to get married in ibiza this summer and we are trying to pay for as much as possible in cash (spoken to ...
Good idea but there are other transfer agents. Do your research. I transferred 5000 to my Spanish bank from three different agents. Found the best and transferred 700,000 to buy a flat. Read More
taxes in Spain by zurlita
Hi, Everybody!We are a couple of US citizens who moved to Spain at the end of July last year. I would like to add that we only live in Spain, but we don’t have income from Spain. My question is: do we need to file taxes in Spain for 2023 if we ...
Spain wants to know your worldwide income. If you have US income you must pay US income tax. Depending on your type of income and the US tax rate you may have to pay Spanish income tax. I have my social security checks deposited in Spain to live ... Read More
Need 30,000eur cash in Ibiza to pay for wedding by Adman77
Hi all. I’ve joined the forum as i suspect you guys may be the most knowledgable and most likely able to advise on my situation I am due to get married in ibiza this summer and we are trying to pay for as much as possible in cash (spoken to ...
Where is the money now? In Europe or elsewhere? Read More
Cost of Living US (LA) vs. Spain by lmurphy213
Hi all-Planning on moving to Barcelona within the next 6 months and interested in hearing the difference in cost of living of US vs. Spain. I've heard it's around 30% cheaper to live in Spain than US. However, I live in LA and it's very expensive ...
I worked on an Air Traffic Control System at Torrejon in 1981. Read More
Cost of Living US (LA) vs. Spain by lmurphy213
Hi all-Planning on moving to Barcelona within the next 6 months and interested in hearing the difference in cost of living of US vs. Spain. I've heard it's around 30% cheaper to live in Spain than US. However, I live in LA and it's very expensive ...
Taxes - one of the worst taxes in Spain - Transfer tax when buying a flat - If the flat is used one must pay 10% of the sales price to the state. If the flat is new the tax is 21.5%. Also one is expected to pay at least 1/2 of the commision (3%) but ... Read More
U S Medicare Cancellation by Michael McProuty
AUDIENCE: For those Americans who have moved to Spain with an NLV for at least 12 months.Please share any suggestions for either maintaining or canceling Medicare when moving to Spain for at least 12 months. Should Medicare be canceled entirely, ...
Spanish healthcare is not free. You pay for it in taxes. My Spanish tax burden including VAT far outweighs my previous Medicare costs. In addition patients in Spain are numbers only not people. Read More
What things can I do now to prepare for later retirement in Spain? by jbeckwith
I'm a US citizen living in California, planning to retire in Spain in about 12 years. There is still plenty of time to make plans to reach that goal. Aside from saving up money, what things would you recommend doing in advance to make the ...
@jbeckwithCredit history is not tracked in Spain. Keep all the money you can in the US. Up to now Spanish banks do not really have savings accounts but are starting to offer what looks like CD's - fixed rate for a fixed time. Early withdrawal means ... Read More
What things can I do now to prepare for later retirement in Spain? by jbeckwith
I'm a US citizen living in California, planning to retire in Spain in about 12 years. There is still plenty of time to make plans to reach that goal. Aside from saving up money, what things would you recommend doing in advance to make the ...
I could write a small book about moving to Spain and what you need to know. One thing I am currently working on. Do you have children to leave an inheritance to? Read More
Homeowners insurance by ronjonesnc
Bought a flat. Any recommendations for Insurance?
@gatomalomaloLiving in Valencia. Please let me know the phone number, the company name and the website URL. Thanks Read More
Homeowners insurance by ronjonesnc
Bought a flat. Any recommendations for Insurance?
What is the name of his company?Ron Read More
Homeowners insurance
Bought a flat. Any recommendations for Insurance? Read More
Best bank account without DNI by peterashwell1992
Hello, I am living in Spain as a "residente", so I need a bank account. Some friends recommended me to open an account in Sabadell or in Santander, but I can't without Spanish ID (DNI). Reading online I found this article that recommends Revolut and ...
Hello, I am living in Spain as a "residente", so I need a bank account. Some friends recommended me to open an account in Sabadell or in Santander, but I can't without Spanish ID (DNI). Reading online I found this article that recommends [link ... Read More
Spanish Wealth Tax Question by soshea001
I am U. S. citizen, plan to relocate to Valencia, Spain via Non Lucrative Visa (NLV) and intend to reside in Spain more than 183 days per year, thus I will be Spanish Resident Taxpayer.I generally understand U.S./Spanish tax obligations relating to ...
@soshea001 As I understand it, the Spanish World Wide assets - Form 720 is asking to be notified of your wealth - I have filed 2 form 720's with assets over a mil (savings) and have never been taxed on any of it. Read More