United Kingdom
Tax residents in Spain with income from the United Kingdom
(The content of this document is for informational purposes only and has been prepared for educational purposes only. For further information, please consult the Personal Income Tax Act and the Spanish-British Agreement to avoid double taxation.
I.- Tax residence
A natural person is resident in Spanish territory when any of the following circumstances occur:
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They have stayed longer than 183 days in Spanish territory over the calendar year.
To determine this period of stay, sporadic absences will be taken into account unless the taxpayer proves his tax residence in another country (through a tax residence certificate issued by the tax authorities of that other country). In the case of countries or territories labelled as tax havens, the Tax Administration can demand proof of stay in that tax haven over a period of 183 days within the calendar year.
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They situate the main base or centre of their activities or economic activities, directly or indirectly, in Spain.
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They have dependent not legally separated spouse and/or underage children who are usually resident in Spain. This latter situation accepts evidence to the contrary.
II.- Personal Income Tax
If a natural person, in accordance with the above, turns out to be tax resident in Spain , he/she will be a taxpayer for the Personal Income Tax (IRPF) and must pay taxes in Spain on his/her worldwide income , that is, he/she must declare in Spain the income he/she obtains anywhere in the world, without prejudice to the provisions of the Agreement to avoid international double taxation signed between Spain and the country of origin of the income.
The agreements list certain types of income and, with respect to each of them, establish the tax powers that correspond to each signatory State:
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In some cases, exclusive power for the taxpayer's country of residence,
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In others, exclusive power for the country of origin of the income and,
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Finally, in some cases, shared power between both countries, with both being able to tax the same income but with the obligation for the taxpayer's country of residence to take measures to avoid double taxation.
The personal income tax period is the calendar year. A person will be a resident or non-resident throughout the calendar year since a change of residence does not imply an interruption of the tax period.
The income tax return of individuals who are tax residents in Spain is submitted in the months of April, May and June of the year following the year of accrual. The Personal Income Tax regulations set limits and conditions that determine the obligation to file a tax return, which must be consulted each year. Exempt income is not taken into account when determining the obligation to file a tax return.
Example: Taxpayer, tax resident in Spain, whose only income in 2019 is a pension from the United Kingdom, caused by having worked in a company in that country (Spain has the exclusive power to tax because it is a pension derived from previous employment in the private sector . The treatment in the Convention is explained below). If the pension exceeds the amount of 14,000 euros per year, taking into account the limits and conditions of the obligation to declare for the 2019 financial year, you would be obliged to file a personal income tax return for 2019, since the payer of the British pension is not obliged to make withholdings on account of Spanish personal income tax.
Spanish-British Agreement of March 14, 2013 ( BOE of May 15, 2014)
(The text of the Agreement can be consulted at https://sede.agenciatributaria.gob.es in the following path: Home > Regulations and interpretative criteria > International taxation)
In a simplified manner, taking into account the provisions of the Agreement between Spain and the United Kingdom ( CDI ), the taxation for tax residents in Spain on the most commonly obtained income from British sources would be:
Pensions:
Understood as remuneration that is based on a previously held job, they are treated differently depending on whether they are granted for services rendered in the public or private sector.
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Pension received by reason of dependent work performed for the State, political subdivision or local entity (article 18.2 CDI) . Your treatment is:
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Generally, these pensions will only be taxed in the UK.
In Spain, they would be exempt, with progressive exemption. This means that, if the taxpayer is obliged to file a personal income tax return for obtaining other income, the amount of the exempt pension is taken into account in Spain to calculate the tax applicable to the remaining income.
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However, if the beneficiary of the pension resident in Spain had Spanish nationality, the aforementioned pensions would only be taxed in Spain.
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Pension received due to previous employment in the private sector (article 17 CDI) : These pensions will only be subject to taxation in Spain.
Income from real estate (Article 6 CDI):
Income from real estate located in the United Kingdom may be taxed in both Spain and the United Kingdom. The resident taxpayer would be entitled to apply the deduction for international double taxation in the personal income tax in Spain.
Dividends (article 10 CDI):
Dividends from British sources may be taxed in Spain in accordance with its domestic legislation. These dividends may generally also be subject to taxation in the United Kingdom, if this is the State in which the company paying the dividends is resident and according to its internal legislation, but if the recipient of the dividends is the beneficial owner resident in Spain, the tax thus required in the United Kingdom will have a maximum limit of 10% or 15% of the gross amount of the dividends. The resident taxpayer would be entitled to apply the deduction for international double taxation in the personal income tax in Spain up to that limit.
Interests (Article 11 CDI):
Interests originating in the United Kingdom and whose beneficial owner is a resident of Spain can only be taxed in Spain.
Remuneration of members of boards of directors of companies resident in the United Kingdom (Article 15 CDI):
They can be taxed in both the United Kingdom and Spain. In Spain, the taxpayer would be entitled to apply the deduction for international double taxation in personal income tax.
Capital gains:
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Derived from real estate (article 13.1 CDI) : Gains from the sale of real estate located in the United Kingdom may be subject to taxation in both Spain and the United Kingdom. The taxpayer has the right to apply the deduction for international double taxation in the personal income tax in Spain.
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Derived from movable property belonging to a permanent establishment (article 13.2 CDI ): Gains from the sale of movable property belonging to a permanent establishment that a resident of Spain owns in the United Kingdom for carrying out business activities, including gains from the sale of the permanent establishment, may be taxed in both the United Kingdom and Spain. The taxpayer has the right to apply the deduction for international double taxation in the personal income tax in Spain.
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Derived from the alienation of shares , other than those that are traded substantially and regularly on a Stock Exchange, participations, or similar rights, the value of which is derived by more than 50 percent , directly or indirectly, from immovable property located in the United Kingdom (Article 13.4 CDI) : They can be taxed in both the United Kingdom and Spain. The taxpayer has the right to apply the deduction for international double taxation in the personal income tax in Spain.
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Derived from the alienation of shares or participations or other rights that, directly or indirectly, grant the owner of said shares, participations or rights, the right to enjoyment of real estate property located in the United Kingdom (article 13.5 CDI): They can be taxed in both the United Kingdom and Spain. The taxpayer has the right to apply the deduction for international double taxation in the personal income tax in Spain.
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Derived from the alienation of other good other those mentioned in sections 1, 2, 3, 4 and 5 of article 13 (article 13.6 CDI): can only be taxed in Spain.
In addition to those mentioned above, the Agreement lists other types of income (business profits, remuneration from work, artists and athletes, public functions, other income, etc.), the treatment of which can be consulted in the text of the Agreement.
III.- Obligation to report assets abroad
Residents in Spain must inform the Spanish tax authorities about three different categories of assets and rights located abroad:
- accounts in financial institutions located abroad
- Securities, rights, insurance and income deposited, managed or obtained abroad
- Real estate and rights to real estate located abroad
This obligation must be fulfilled, using Form 720, between January 1 and March 31 of the year following the year to which the information to be supplied refers.
There will be no obligation to report on each of the categories of assets when the value of the set of assets corresponding to each category does not exceed 50,000 euros. Once the information declaration has been submitted for one or more of the categories of assets and rights, the submission of the declaration in subsequent years will be mandatory when the value has experienced an increase of more than 20,000 euros compared to that which determined the submission of the last declaration.
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