Hi guys really the best and clear tax presentation I have found in youtube, Congrats and keep the good work, found some details that have not found in other presentations, thanks for the excellent work
Many foreigners have this thinking: I want to go to spain, settle there, get benefits from the public services, health, roads, green spaces, security and transport... but i DONT want to pay taxes. At the end, spaniards will maintain these services, while the foreigners just take vantage from them. That´s completely unfair. In Spain we don´t have the same problems they have for example in USA, because we make efforth and pay more taxes to maintain the things as they are. In America many roads are just broken and public transport is a mess, even in places with high taxes like Nyc.
Thank you for sharing your opinion. We understand that some foreigners may think that way but we do not believe most foreigners DON'T want to pay taxes. As a resident of any country, foreigners expect to and legally must pay taxes and as US citizens we have to continue paying taxes to the USA no matter where we live in the world. Therefore, we need to make sure we understand both tax systems so we are not double taxed because we don't think anybody wants to pay taxes on the same money twice. Also, when considering a move to another country, it is wise to know the financial implications in order to make the best decision about moving.
@@SeekingParadiseBugs Totally agree and it´s a fair point. As far as i know, only two countries in the world force the citizens to pay taxes independently of their residence and sadly USA is one of them, so i understand your poipnt completely. I also went through the same situation because i lived abroad as well. I think i remember from another video that there is a simplified double-taxation treaty between both countries. The amount of taxes you pay in Spain should be substracted from the amount you pay in the states. Regarding the taxes in Spain, they will tell you that you can pay till 45-50% in what we call IRPF but that´s not completely true. if you are a employee, the taxation is done by income sections, comparing your yearly gross income. From that income, the first 20.000 euro are exempt. For the next section from 20.000 to 35.000 you pay 30%... and so on. Only the section from 60.000 euros onwards pay 45%. Aside IRPF, there could be some other contributions but they are not that much, like unemployment benefits, retirement etc... If you are self-employed the thing gets harder and for me this is the worst part of spanish taxes. We have been claiming for a change in small companies/self employment tax system, making the things easier for entrepreneurs. The country is still on it since decades. This is general in Spain, regardless the region you live. In USA you have different taxes depending on the state, county, region, city, etc... So it´s another totally different paradigm.
Thank you for sharing this information. Hopefully there will be a good tax reform for self employed/entrepreneurs in Spain soon! It is so important to support small business people, especially nowadays!
That’s just silly. As a legal extranjero resident of Spain, with a NL visa, I don’t have access to the public health system. I am required to buy my own health insurance. I also don’t object to paying taxes but I do object to paying 30%-35% tax rates on dividend income from money I spent my whole life accruing. Tax rates on withdrawals from retirement accounts should be lower than for regular earned income.
@@gomezaddams4347 You are telling me that retired people from UK living in Spain have access to the public health care and you dont? My wife is also foreigner and in the moment she had the legal residence she had access to the public health care system. I didn´t know that you describe could happen. Do you have a lawyer or Gestor for this? Because it´s very strange.
@cecilbatts8835, the average SS check equates to $22,344 annual income. Deducting the individual allowance for those under 65 leaves $16,794. Tax burden would be $3408, which is only 15.25%, not 30%. There is alot more to consider when it comes to cost of living than taxes anyway.
This is an excellent overview with enough detail that makes it clear how important it is to get professional advice well in advance of making any moves.
Thank you and yes, we believe it is crucial to involve a professional in your planning for an international move. We also agree that this advice should be sought more than a year in advance in order to create a timeline that is best for your scenario.
Super fun and informative - thanks for putting this together! Two common questions that were not covered (unless I missed it) are how Roth IRA withdraws are treated for personal income taxes and if 401k and IRA balances are considered for the wealth tax.
Thanks and glad you enjoyed it! Roth IRA withdrawals are taxed under income taxes and considered in the wealth tax. 401k and IRAs being considered under the wealth tax is a little trickier to get an answer about. Supposedly pensions in Spain are not considered in the wealth tax but there seems to be differing opinions about whether US 401ks and IRAs are considered to be pensions under the Spanish definition. Therefore, you may receive different answers from Spanish accountants and Spanish tax authority administrators. It's a question you will want to ask the Spanish accountant you consider working with in order to know their position up front.
Thinking it would be best to reside in Spain while living solely under my large government pension for the several years before social security kicks in at 67. Live in one of the areas with no wealth tax and not buy property so avoid those taxes. Then after the income increases again after my spouse starts SS, we just move away. Giving us several years of living in Spain and exploring Europe. Or…just do the Schengen shuffle and use the 4 countries with agreements for visa extensions to stay year round without becoming tax residents of any of those countries. Lots to plan in the next 12 months before early retirement.
@@frontiermusings Congrats on your upcoming early retirement! There is definitely lots of planning for a grand adventure and 12 months will fly by quickly!!
Thank you for another helpful video. This stuff is always difficult to find reliable information on and you guys do a great job of making it accessible. (If only Shakira knew about your channel, she could have saved herself a lot of aggravation.)
Very useful information. Finally, someone got down to the meat and potatoes. First time I've heard that Fire, Police, Civil Servants and Military pensions are exempt from taxation in Spain. That will make a big difference. Thank you!
Thank you so much! Happy to hear this is helpful and yes a gamechanger for public servant and military pensions! Let us know if there is anything you would like to know or clarify. We are planning a Q&A with Pro Spain Consulting to cover more questions we've received.
@@lindylee1139we will add to our list of questions for our Q&A with Pro Spain Condulting. Keep an eye out for that follow up video or book a 20 minute free consult with them. 😊
Thank you. I have been viewing other similar videos to get a grasp on the tax situation in Spain before considering moving there. Your video was very informational and I learned a few things that I was not aware of previously.
Thanks for watching and re-watching! 😊 We are working on a follow up Q&A video with Pro Spain Consulting that may offer additional information or clarification. We hope to publish it within the next week.
You do know what "expat" means, don't you ? It means someone temporarily in the country, such as a contactor or a student. A permanent resident is an immigrant.
We know this has been a controversial term and we actually consider ourselves expats right now as we live in different countries as temporary residents. We will consider ourselves immigrants when we decide on our forever home and obtain permanent residency in that country.
Amazing, a well prepared and researched video. As a U.S. Military member potentially retiring in Spain or Portugal it is nice to hear that my pension is exempt from Spanish tax.
Great question! We're not necessarily considering a permanent move immediately but we are considering purchasing a property in Spain and moving there eventually. Also, if we find that the taxes are not too onerous, we may move there sooner rather than later as the humid winters in Portugal are triggering my (Dianne) asthma. We're doing our due diligence now for financial planning regardless of our decision.
The whole rental income section is incorrect. It’s 19% for EU 24% for everyone else. And if you are not an EU citizen you CANNOT deduct any costs from that income. 10:02
Thank you for your opinion. Please note this video is specifically about taxes you owe as a Spanish tax resident. As a tax resident in Spain or a tax resident of the EEA you are allowed to take deductions for rental expenses. As a Spanish tax resident you are taxed on the net income under the general tax base up to 47% and as an EEA tax resident a flat tax rate of 19% is applied to your rental income. As a non-EEA tax resident a flat tax rate of 24% is applied to your rental income.
I love your videos! They are all professionally done with great music like documentary films. Love Spain 🇪🇸 but its tax system is a killer. Americans already paid taxes on Roth 401k and Roth IRA But will be taxed again in Spain! LOCURA! 😢 Could you do a follow up video on the Spanish tax for example how to be a resident in Spain but a NON TAX RESIDENT in Spain. For example for EU citizens living in Spain less than 6 months not a tax resident therefore no ta burden to Spain. And enjoy the rest time in France / Mexico. Love México ❤ hablo español. Life is so easy in Mexico no tax burden with total freedom. Could you have your lawyer to clarify this in your follow up video - if a naturalized Mexican citizen would qualify for the 2 year fast track Spanish citizenship application. There are different opinions on this. The law is not clear. I am sure many people will be interested in this topic. Cheers 🎉
Thank you so much for the kind words! 😍 Great point about the 2 year fast track Spanish citizenship, we will definitely follow up on this. If you reside in Spain more than 183 days you will be a tax resident so you could definitely spend time in other countries and keep your time in Spain limited. Many Non-EU citizens that are second home owners in Spain do the Schengen shuffle to avoid obtaining residency and tax residency in Spain.
Hola! We have not moved to Spain but are considering it or maybe buying a winter place there. So glad to hear you are loving it in Spain!! How long have you been there?
Thank you! Great question and sorry we do not know the answer. We have already had our Q&A with Pro Spain and will be publishing the video soon. They are offering our viewers a complimentary 20 minute consultation if you reach out through our link in the description. 😊
I am spanish and taxes here are hell.... lived in the US and wow, Spain is really high, but for me worth it like you guys said. So glad the golden visa is out though!! we like tourist but not gentrification for we can't rent or buy houses in our own country
Thank you so much for watching and commenting!! Yes, the taxes are painfully high in Spain but alas life is not all about taxes but a balance that makes you happy. 😊
let's say if Lucy has accouts both in Japan and the US, how does the Spain government have the ability to know every single details of both country if Lucy doesn't declare all?
Spain may not have the resources to track every tax payer but Lucy is required to declare worldwide assets as a tax resident of Spain and she may face penalties, non-renewal of residency or prison if they find out she did not.
Thanks! Yes, we have been looking for info and there is very little. The good info we have found is not geared towards US citizens and we have our own challenges. Even the Spanish professionals we have spoken with have differing opinions on how certain investments will be taxed. An issue we have also come across in Portugal.
This year a new bilateral social security treaty was signed between the US and Spain, which improves the older one from 1986. Basically, now you can add the contributions of both countries with many fewer constraints. It is interesting not to overlook this fact when working in different countries. Also, annuities derived from turning in an asset of up to 240k€ have incredible tax reductions in Spain depending on your age (I don't know how it works in the US)
@@SeekingParadiseBugs I mean, you can add up all your contributions to the social security of both countries when you ask for your public pension in the US or Spain, to the extent they don't overlap in time. Still, the treaty has to enter into force (in one year or two I guess). Regarding annuities ("renta vitalicia" in Spanish), you can convert up to 240k into annuities free of taxes on the capital gains when the asset is sold for that purpose AND the subsequent annuities are free of taxes themselves to a high degree (up to 92% if you are 70, 80% if you are between 66-69 years, 76% if you are between 60-65 and so on). On top, the taxes on annuities are treated as saving taxes, much better treatment than income taxes. Nevertheless, depends on how much the insurance company wants to pay you and the modality i.e. if you want to keep the option of recovering what is left of the principal at some point, etc. Some people say other investments are better, even with taxes, to have a better revenue stream coming in. Taxes are complex, but it really pays off to look into them. Regarding selling your home, in Spain, regardless of your age, if you sell your primary home and buy other, there should not be taxes to be paid... but I am not sure if your primary home is abroad (don't copy me on this, real state taxes is something I did not look into much).
Thanks so much! This one was a little challenging to put together and we couldn`t address everything or even obtain answers to everything but will share more info as we receive it. Hoping this gets a good discussion flowing for everyone to learn from.
Not only is Spain eliminating golden visas but all EU countries have been urged to do so as one of the measures to reduce speculation and the skyrocketing rise in housing prices.
Just another reminder why I left Spain. I wanted to return go get my citizenship as I can get it after two years, but not sure if I want to pay that much in taxes. But after I do get my citizenship I don't have to pay that much in taxes.
Thanks so much for this video. You mentioned military retirement pension being exempt from Spanish income taxes. Does this include U.S military retirement pensions?
Thanks for watching! Yes, this includes US military retirement pensions. If you haven't seen our follow up video, Spanish Taxes Q&A with Pro Spain Consulting it might also be helpful for you.
Love your videos... still waiting for your Italy review.. - BTW, I lived in Spain (Madrid and Sevilla) for 8 years in the 1980's. I haven't been back in 25 years!! 😫😢😭. I Love Spain. I miss all my friends. I miss the life. I know Spain has changed a lot since I left but the small towns like Pilas, and Almonte, the people don't change much. They still maintain an authentic lifestyle and traditions. Who knows if I will be able to return one day. I do hope so.
Thanks so much! Our first video on Italy will be out in the next couple of months and we will be doing more. 😊 Spain is amazing and we hope your dream to return comes true!
Thanks for the info. Great stuff. Just want to clarify one thing. Spanish taxes on pensions, social security and 403b withdrawals. Did you say Spain doesn't tax pensions for government workers? What about social security and 403b withdrawals? My wife and I are both government workers and each of us has a pension, social security and 403b. I'm federal and my wife is state. Thanks again for the video. (BTW a 403b is what a 401k is called for government workers)
Thanks for watching and the great question! It is our understanding that pensions for retired government employees like teachers, police, civil servants, etc are exempt from income tax in Spain under the double tax treaty. We are not sure about the 403b. We believe social security is taxed regardless if you were a government employee or not. Additionally, it is our understanding that although public pensions are not taxable, they are still considered when determining your tax rate. Therefore, it uses up your allowances and lower tax rates and pushes your other income into a higher tax rate.
If you sell a property in the US in 2024, why would you need to delay tax residency in Spain until 2026 to avoid the cap gains on the sale? It would be something reported on your 2024 return.
We do not indicate you would need to delay tax residency until 2026. We are suggesting you may not want to sell a house in the US or any other country in 2024, move to Spain and become a tax resident that year as you would then owe capital gains tax to Spain for the sale of the property. Spain taxes residents on their worldwide assets so you could end up owing capital gains tax to Spain if you become a tax resident the same year that you sell a property in another country. This could be avoided with proper timing of your move.
Their tax brackets are insane. If you already pay taxes in your home country, a person should be exempt from taxes in the country they are going to live in unless you are going to work and generate income there. After all, retirees are just going to spend money and pay health insurance there. I was thinking of retiring there but with that tax burden it’s crazy.
We understand the tax obligation seems overwhelming. The quality of life Spain offers plays an important role for us and individual tax planning can help reduce the amount you owe.
I would agree, but as a usa citizen the usa tax will apply regardless of wherever you live. You won’t pay double, as per the treaty. You will pay the difference after subtracting the lesser amounts, is my impression. A tax specialist needs to be good for both tax responsibilities it seems.
@@yanassi Yes, believe you can claim the taxes from Spain in your U.S. income tax return, but the percentage in Spain is at least double what we pay in the U.S. it increases to about 42 percent as you move up in income. Probably the best option for a retiree, is to live in Spain under the 183 days a year in avoid their taxes all together. I’m thinking of dividing my time between Europe, USA and South America.
It really depends on the amount of income, source of income and region you live in Spain. We are still learning and sharing as there is not a lot of helpful information out there for US retirees. Of course, consulting with a Spanish tax advisor is always best for each person's individual circumstances. We plan to do a Q&A session with Pro Spain Consulting that we will share so let us know any specific questions you may have!
@richardortora9530 And then what do you contribute to the country of residence? As a Spaniard, I don't really care that you pay tax in the US, you live in Spain, you contribute in Spain, as I do , because you are getting benefit from the same services as me like security, roads maintenance, green spaces, etc, etc... I don't have to support you with my taxes... if you don't want to pay US tax, don't work in the US...as simple like that, this is not theme park!
Yes, the regional taxes are almost the same as the national tax. For simplification, the tax table we used in our example is double the national tax rate.
I'm a bit confused on the General Taxable Income section @5:37. Are the 401k and IRA withdrawals meant to be traditional or Roth? It's an important distinction since Roth contributions are post-tax. Would the taxation be different on Roth accounts such as only on capital gains?
The 401k and IRAs are meant to be traditional. We will try to get clarification on whether ROTH IRA distributions are taxed as general income or since they are not considered pensions with a recognized tax benefit are they only taxed on capital gains under savings income.
My understanding is that a Roth does not fit into a Spain bucket like a govt pension does. It gets taxed like a private pension, soc sec, or a 401k. Consult a tax advisor to be certain.
@@kevinspriggs7178 The strategy with Roth, if your are over 59 1/2, is to withdraw all of it before becoming a ES tax resident. Then the funds are now accessible tax free in the USA and ES. The future income and cap gains will be taxable though.
Hello, any idea how to get an extension on the declaration de renta ? I am out the country and can’t fill out my tax forms due to my bank account not being linked to my NIE
oh I'm sorry, we don't know. Maybe you wanna reach out to Pro Spain Consulting in Spain to find out. I'm sure they will be able to direct you to the proper place to file your extension
So, if I'm a Spanish Tax Resident with $100K worldwide income and pay about 33% or 33K in euros to Spain and my US tax rate would be only about 20% or 20K , then the Foreign Tax Credit would cancel out the US Tax ( 20K ) and have an additional 13K carry forward to future years ?
It is our understanding that you can carry forward the unused tax credit for 10 years. We would suggest confirming with a US tax accountant though as we have never done this.
Thank you. This is very helpful. Have you also found a tax firm in the United States that knows how to submit the foreign tax credit and rules pertaining the credit to avoid paying taxes to both the Spanish and US governments? Thanks!
Thanks for watching! We have a new US accountant we are working with this year that specializes in helping US expats. If the entire process goes smoothly, we would be happy to recommend them.
@@SeekingParadiseBugs I got two estimates of what my income taxes for Spain would be based on income that I receive from Dividends, IRA, and Social Security from an accountant in Madrid and Barcelona. The taxes to Spain would be 30,000 Euros! So, I've been trying to find a US accountant that knows if the 30,000 Euros are a 1 to 1 credit against my US taxes. If so, then I would effectively pay all my taxes to Spain. If not, then I need to find out what additional taxes I may need to pay to the IRS. Although the cost of living in Spain is lower than the US Any double taxation ( I forgot to mention state taxes too) can price anybody out of immigrating to almost any country in Europe.
At 7:42 in the video you say that it does not take into account any specific regional taxes. It's my understanding that the regional taxes are almost as high as the national taxes. Are these cumulative? In your example you showed that a 50K euro income would pay 14,201 euro tax (without deductions and allowances), but would it also not be almost as much to pay to Andalusia regional tax? If so this is a total tax rate over 50%
Thank you for the question and sorry if we weren't clear. Yes, the regional taxes are almost the same as the national tax. For simplification, the tax table we used in our example is double the national tax rate. Let us know if you have other questions or would like further clarification. Thanks for watching! ☺️
@@SeekingParadiseBugs So the tax table used in the video might be a good approximation of the combined national and regional taxes, a simple estimate of what the total tax bill might be?
Spain is totally the best..but going form low tax bracket in US to very high tax bracket in Spain takes a big bite out of the advantage of low cost of living in Spain. Its SOOOO much better than Mexico....but for people who WFH, its hard to beat Mexico where you exclude income completely from US fed tax and Mexico doesn't come after you for Mexico federal tax.
We really liked living in Mexico and agree the tax situation is easier for US citizens living there. Spain has definitely captured our hearts though and the cost of living is low enough that some people may live a better quality of life than in the US on the same income. It really depends on the amount and source of income and the region you choose to live in Spain. We are planning a follow up video with Pro Spain Consulting to clarify some questions we have received and hope it will be helpful.
If you are a tax resident in Spain then rental income received from outside of Spain will be taxed. There are many deductions available to reduce the taxable amount though.
@@noneofyourconcern5448 As a tax resident in Spain, you pay taxes on your worldwide income and must file a form declaring accounts and assets outside of Spain. Our follow up video Spanish Tax Questions Answered for Expats has info about rental income outside of Spain that might be helpful to you. It's a Q&A we did with Pro Spain Consulting.
If I have my home in spain in a USA revocable trust upon my passing will the home to my beneficiaries be exempt of Spanish taxes like is the case in the USA ? Thanks
Thanks for the informative video. Is the tax residency start date from the date my TIE is effective or will they look at when I entered Spain and count that even before my TIE is effective?
Thanks for watching!! It is our understanding that the tax residency start date is when you enter Spain since you are considered a tax resident if your are physically in Spain more than 183 days.
I have spouse visa as my wife has a working visa. I'm working for canadian company as a remote contract employee. What will be my tax deductions for each month?
Thanks for watching and commenting! Unfortunately, we do not know the answer to give you based on your individual circumstances. Pro Spain Consulting would be happy to help you and is offering our viewers a complimentary consultation via the link in the description. 😊
The vast majority of Spaniards have no problems with the arrival of foreigners, we only ask that they adapt to our culture and social norms and that they contribute to society with their work and/or taxes. We do not want parasites, whether they are people of working age or retirees. People must understand that the possible advantages of living in Spain also entail disadvantages and among these are taxes and our way of life, which may be more or less liked. You cannot only want the good, everything is in the same package.
Very nicely said, thank you! One of the reasons why we think it is so important for people to understand all of the implications before they make a move.
Solidarity/wealth tax was already renewed for 2024.... Wonder if this will ever go away.. Overall this seems like a very comprehensive review based on all my research...
We wonder also...at least the solidarity tax has a higher net wealth threshold than many of the different regions allowing an individual deduction of €3,700,00 for Andalusia and Madrid before having to pay tax. Murcia has also raised their wealth tax deduction to €3,700,000. Of course, Spanish tax laws are notorious for changing.
@@SeekingParadiseBugs Is that 3.7 mill for anyone. Folks on the NLV visa and others?? That being said, govt's like to be fed and aren't big at pulling back taxes that feed them...
@@andrewe.7907 It may not be the dream place for some people or the permanent dream place. It really is important to understand how your individual circumstances will be affected before making a big move!
Yes, it includes capital gains from the sale of stock as Spain taxes you on your worldwide income. If you are a US citizen you will also owe tax but due to the double tax treaty you will receive a credit so that you are not double taxed on the same income.
Yes the tax is high here in Spain but there are plenty of ways around it. You would need to live here to understand these ways, and no I cannot broadcast them here. One I can let you in to is that of owning agricultural land. This means you can register as a self sufficient farmer and therefore pay lower rates of both income tax and NIE. Also depending on what you farm ( olives for example ) you will no longer be liable for IVA either. So yes do plenty of research first as it can be very tax heavy living here in Spain. Lots of people move here after seeing how cheap food, drink and property are and then get stung afterwards because they didn't look into their obligations once becoming a resident. And a little hint, if you live here the Spanish don't like you calling youself an expat, you are an immigrant, it is just much more polite and does not project that air of superiority. All the best from Andalusia.
Thank you so much for your insight! We didn't know about the agricultural land and that is a great tip to keep in mind. We agree you must live in a country to understand, learn and appreciate the best ways to prevail there. There is only so much you can learn through research beforehand. We see Spain in our near future and just like we learned more about Portugal living here the last 3 years, I'm sure we'll be learning more about Spain the same way.
@@SeekingParadiseBugs Thanks for the reply. It is lovely living here in Spain but can be expensive. Outside of the finacial issues the other thing to consider is heat. It is presently 38⁰c in the shade here at the moment and I'm 1000m up in the Sierra Nevada mountains. It can be incessant througout the summer. Portugal is considerably cooler. Also everything and anything you do here involves a rediculous amount of paperwork, it is exceedingly complicated and can often take a hugely frustrating amount of time. But the lifestyle in general is very relaxed and there is sunshine all year round mostly. But I would still say try it out before commiting. All the best. Alex
@@SeekingParadiseBugs I checked it out... but the area is along the coast. Mijas pueblo is away from the coast. I checked Mijas costa, but it doesn't appear that could be a possibility either (the A-7 freeway is along the coast in Mijas along the coastline)
Well, the freeway is close to the coast in that area. But I did find it... it's Nerja, Spain :) A great balcony there and some caves if you haven't been yet!
Only 6 minutes into the video I learned Social Security income is taxed at 30% in Spain. That skews the cost of living in Spain. Think I'll stay in USA.
Thank you for watching and commenting! ☺️ We don't want to deter people from living in Spain, we want to educate on what to expect. So many other things are lower cost in Spain that some people may live a better quality of life for around the same annual amount or possibly a lower amount. We will be doing a follow up to clarify and answer more questions that we hope will be beneficial for decision making.
After meeting with a tax consultant my interpretation was that if I am taxed 34% by the US, and my tax in Spain was 24%, I would only pay 10% due to the Treaty between the US and Spain
@@sabrinakoehler6209correct, the tax is probably going to be higher in Spain so you can file a tax extension in the USA and claim a tax credit on your US taxes after completing your Spanish taxes.
It's our understanding over 65 is exempt. We plan on a Q&A session with Pro Spain Consulting that we will share in a video to clarify questions people have.
lol...don't get discouraged! We highly recommend talking with a professional like Pro Spain Consulting to assess your individual situation. Check out our link in the description box for a free 20 minute consult with them.
We know this has been a controversial term and we actually consider ourselves expats right now as we live in different countries as temporary residents. We will consider ourselves immigrants when we decide on our forever home and obtain permanent residency in that country.
We know this has been a controversial term and we actually consider ourselves expats right now as we live in different countries as temporary residents. We will consider ourselves immigrants when we decide on our forever home and obtain permanent residency in that country.
We didn't break it down in detail but it's our understanding that if you are a tax resident then the information we've provided applies unless you qualify for spacial tax considerations under the Beckham law. We didn't address taxes for non-residents but would consider doing a video on this in the future, especially since we may be buying a property there before becoming tax residents.
