La Torre Solutions

12/07/2022

06/04/2022

Dear friends,
Another tax year and we start the period to collect all the info to do the resident tax, we still have until after mid-June but is better to start as soon as possible and when you have got all the necessary info get in contact so that we meet or send it to me online as you prefer.
I remember that you should be taxed, but not double tax, in all your assets and incomes worldwide unless you have crown pensions.
I remember that you normally need to bring:
+ Update on your incomes from January to December 2021. And if paid through a Spanish bank account the total in euros that you received for each pension, apart of the P60 or pension letters if possible.
+ From the Spanish banks, the letters of “informacíon fiscal 2021”
+ Update of council tax for the house if possible.
+ Any taxes paid abroad regarding you incomes.
Regarding next year tax the main point that has changed that can affect you is that there is a deduction on the state part of the resident tax (half of the taxes that you pay) for reducing the demand of heat refrigeration of your main living home and/or to reduce the consume of primary energy that is not renewal energy. So since the 10th of November 2021 to the end of December 2022, regarding certain formalities (i.e. two energetic certificates one before and one after the construction showing the change of qualification to a B or an A, and not payments in cash, only vat invoices paid through bank account or card). On the first case you can deduct 20% and on the second case 40% only once applied to the state part of your resident tax and/or a limit of 5,000€ (this means that to get the max. you have to be paying around 10.000€ of income tax and the construction works price much higher than that…). Are not included substitutions or installations that use petrol or derivates of fossil origin or grants.

12/03/2022

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On Thursday 24th February, Russian troops entered Ukraine, starting a conflict that has already displaced more than 2.3 million people. And this is just the beginning. 

11/03/2022

Model 720. Declaration of assets abroad.
Dear Friends,
Just a quick to remind that if you made the declaration of assets abroad before (because you are resident and had more than 50,000€ abroad in any of the items) and you have an increase or decrease of 20,000€ and/or cancel any of the assets declared... you have to submit the declaration model 720 before the end of March, of course too if you become fiscal resident this year 2022 and /or have got to do it for first time.
Possibly you have read that the European Court has failed against the Spanish Government for the very high fines and because model 720 does not prescribe for ten years. This does not mean we don't have the obligation to do it, just that the Spanish Tax agency would change this points that are afected by the European Court resolution.
All the very best.

23/01/2022

DRIVING LICENCES UPDATE AND REAL STATE AGENCY SERVICES
Dear Clients and friends,
First of all announce you that, as some of you have found out this recent past, we have started a division of Real state agency with great success, due to the great proximity we have with you and this terrible times we have been having with covid… and many of you not being able to come, and most terribly, in many cases with complex family situations because of a demise and families not being able to come neither… having to solve it all from here, has taken us to finally dedicate more and more to the selling and buying of houses and not only doing all the legal and tax matters, etc. The logical benefits are many for both sides, as you know our acknowledge of the market, of the correct way of doing things, and of the area as we have been stablished for many years now, and of course our contacts done with hard work all this year’s provides we get better deals looking to cover all your necessities with the honesty and dedication that characterise us.
If you are thinking of selling your house in Spain and want that we do a free market study on your house and afterwards if you decide so we put it on sale, please do not doubt to talk to me and benefit from it.
Secondly the driving licences news update: Governments each side of the Chanell were not able to get an agreement before the first of January this year for traffic matters regarding driving licences. So, from the 28th of February, this year 2022, British driving licences would not be valid, and vice versa EU members driving licences in the UK; From this date you would need to get an international driving licence in the UK to drive in Spain, or from Spain to drive in the UK, they are valid for a year.
If you are resident and have got an European driving licence and need help on this to drive in the UK ask us and would help you on that.
If you were resident already but have not done nothing before the 30th of December 2020 to get the European driving licence then you would have to get a new driving licence and pass the exams, my advice is that you get in contact with a driving school nearby you live.

02/09/2021

BREXIT UPDATE FOR NON RESIDENTS
There are being many changes since last update so will try to resume main points.
Due to Covid nowadays you need appointments to solve nearly everything so it’s better to check before going to the town hall, water boards, etcetera, if you are coming to Spain. I remember that it’s always good to have the DIGITAL CERTIFICATE to solve things with the administrations or online you can do so getting an appointment for certificado digital at your town hall website and going with your passport and your NIE or residencia, they will give you some codes that if you picture then to me I can download the file to communicate with the government at your name (very useful to get letters from the tax agency for example and solve other administration matters), Though you must be very secure with this as having it is as identifying like you with computers. People having their house in Pilar de la Horadada can ask appointments from here:
http://www.pilardelahoradada.org/cita-previa
or here by telephone or email:
http://www.pilardelahoradada.org/.../expedicion-del...
and for Orihuela Costa here:
https://orihuela.governalia.es/en/
Due to Brexit next year (for this year 2021) NON-RESIDENT TAXES would go up a 5% as it was a hard Brexit and there was no agreement for the economic area neither.
Another change would be that if you are resident in the UK or a non-member state of the Economic Union and you are RENTING YOUR PROPERTY in Spain you cannot discount costs or any deductions like before.
INHERITING OR GIFTING taxes remains the same so far until the end of the year with the exception per person per child of 100,000€ but, if you are thinking of gifting ( or selling) the house to your children is better before the end of the year as the government has announced that from next year, no matter if you are resident or not, the value for taxes for gifting, inheriting or selling would be given by the Land registry of the comunidad autónoma “catastro” and they would have more meanings of setting the highest value, that would be the one used for taxes (market, valuations, comparations, architects informs, etc) .
During a time, it has been necessary for British nationals to obtain the MILITARY PERMITION to buy or to inherit or get a gifting of a house but this has been left aside due to an internal order of the Army saying that only would be necessary in rural areas.
TRAVELLING TO SPAIN now is limited to 180 days in total for UK residents, so that you are not in Spain more than six months and a day in total per year, and in the practice after 90 days you must go and remain another 90 days in the UK before coming back, though if any special reason you can ask for an increase of the period.
Regarding OBTAINING RESIDENCIA now in Spain for British national you have to apply first from the UK for a visa and health insurances would be needed before coming to Spain (we can quote you with us if you require it) and requirements of incomes has increased. The visa would be applied from the nearest Spanish Consulate or embassy to you and afterwards we can go with you to the part of the process here, after you have got the visa. If you need help or some more info, just get back to me.
About DRIVING LICENCES for new residents: now to obtain driving licences you must pass an exam and normally would need to go through a driving school so that they help you with it.
BANK CHARGES for reception of transfers from the UK are now 15€ min. or 0.04 so if you are going to pay with a transfer from a British bank account into an Spanish bank account must take this in count and top the transfer so that we get the exact amount. Though if you need to do transfers regularly or a big lump sum speak to us and would give you another solution. I remember the importance of giving to your banks an update of your passports and NIE and of your National Insurance Number in the UK.
Also, now if receiving any certified post or COURIER we have to pay customs and VAT for the customs agent, depending of the value of the post you pay more or less.
I remember that if you are TELE-WORKING IN SPAIN you should pay here income tax.
Hope things gets better and better and we can all meet soon.
Best Wishes.

07/03/2021

Dear Friends,
Hope that you are all well despite difficult times.
First i remember we are in that period of the year to fulfill the model 720 of declaration of assets outside of spain, if you did it last years and have cancelled any item you declared or there is a substantial increase or decrease have to get in contact to me. If you haven't done it before but this year has got more than 50,000€ outside of spain should get in contact to me too.

AFTER BREXIT FORMALITIES FOR RESIDENTS

On the 1st of January Brexit started with an agreement of minimums and somethings are a bit in the air yet.
The oportunity to update the residencias continues to get the TIE card we think that at least until June. Those who are in the register of citizens of the European Union, and you are if you have a green residencia document, would get an special treatment (not like others citizens of outside the EU) in order they can update their residencias, I remember that you only need your residencia and passport and a photo spanish sized (and the padron only if you have changed your address). Though i appointments in Alicante are very rare.

Now if you want to buy a house or are going to inherit a house you would need military permision, it's a very old law but land registries are aplying it to leave you register your tittle deeds. Of course don't worry becasue if needed we can help you on that.

Also you might have noticed that banks are charging comitions for getting a transfer from the Uk as not being anymore european transfers.

Double taxation agreements remains the same and would not be affected.

Most of the changes would affect to non residents mostly.

Finally just to remember that after Ester we would start with the resident taxes and then would need you to send me all the information if possible by mail or like last year thorugh the post box outside my office, but if you need to see me we can allways make an appointment.
You take care, all the very best.

06/05/2020

Dear Friends,
Hope you are all well on this terrible days of Covid.
With the start of the unblock phases and having less restrictions to movements, I can also start working by appointment from next Monday the 11th of May for those who really need to see me. This does not means that we must calm down our meassures we must totally avoid personal contact, i have bought an Screen for the desk and you should come obligatorily with your own meassures of precaution i.e. a mask for sure and gloves if you consider you will need them... and follow the instructions i will give you when we meet so that we do it as safe as possible. Though if we can avoid meeting personally and do it all we can by computers it allways would be much safer.

16/03/2020

Dear Friends hope you are well this days and no panic. Probably you will find interesting the following if you are in Spain.
This are the meassures that the Spanish government has implemented in case you are not aware:
+ You can only circulate on the public roads to:
- Buy products of first necessity.
- Go to Hospital and Doctors.
- If you have to go to work.
- Go back to your home.
- Assists vulnerable people or familly.
- If you need to go to the bank.
- Mayor force.
+ Of course there are no educational activities.
+ Any comertical activity mus be suspended except: food stablishments, first necesity products, Qumists, doctors, ortopedics, optics, newspapers, petrol stations, cigarretes shops, food for animals, laundries, internet or telefon selling.
+ there will not be open any public places. You can not do sport outside but you can walk your dog but not to socialice or all the familly.
+ Buses and trains would be reduced to half.
+ Bars and restaurants would be closed but they can give the service of home delivery.
+ Churchs etc woulf be in condition that they can give the people at least one meter between them.

* All police forces and the army are now in direct control of the ministry of Interior.
* The liberty of circulation is limited to concrete activities.
* The Government can temporarily take all kind of assets they need to take their labor to effect and reinfurce the social security system (in fact all private hospitals are now under their control as well).
+ The army is taking over main cities in order to take control of the situation were needed.
+ Strong penalties can be putted to those that don't fullfill the meassures even prision penalties.

20/01/2020

AFTER BREXIT FORMALITIES FOR RESIDENTS

On the 31st of January Brexit would start to take effect as we all know now, there is a period of adaptation until the end of the current 2020 year, on it all the rights you already had would continue the same. After that, if both parts apply to the other nationals the agreements we have, also everything would continue as it is but with some extra formalities.
Those who are in the register of citizens of the European Union, and you are if you have a green residencia document, would get an special treatment (not like others citizens of outside the EU) in order they can update their residencias:
+ Those being residents less than five years: if they continue fulfilling the same requirements than when they got their first residencia ( having enough to live by your own media, having a private or public health insurance and proof of being living here during this past years) will have to update their residencias on this period and also when they get their permanent one, when they are five years being resident in Spain.
+ Those who have been resident for more than five years will have to get the permanent ones.
At the moment the police are waiting for the directives to start with the process, but those living in Comunidad Valenciana they are going to be centralizing it all in Alicante. Probably in Murcia is going to be in Molina de Segura.
This is a process that if you want i would help you with, we would have plenty of time but the sooner we start with the process the better, if you are in the register of EU citizens (you have the green document) they are saying they would give a two years period to get the new TIE ( Identification card for foreign people ) that would be an European one.
Who is not resident at the moment but wants to become resident my advice is that they get in contact with me even quicker in order we apply for the inclusion in the register of EU citizens now, as otherwise they would only have three months to update their situation within this special way they are giving.
So please in all cases it would be good if you get in contact to me if you want to contract me to help you with the process and tell me if there would be any special dates you are not going to be here, that you know, so that i can apply for appointments as soon as they are available.

Any questions do not hesitate getting in contact.

Best Regards.