non residents bank account

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
01 Feb 2018 08:07 by alaska Star rating in Herts/Almeria. 14 posts Send private message

Have had a property in Spain for a few years and have always had a non residents bank account. However Bancaja in their wisdom have changed it to a residents bank account, they say we have to prove we are non residents now. Which is the best way to do this please? TIA





Like 0      
01 Feb 2018 08:29 by Jarvi Star rating in Halifax UK and Sucin.... 728 posts Send private message

You will need to request and obtain a certificate issued by the Tax authorities (Inland Revenue) from your country of residency stating that you are resident on that country.

HMRC offers two online options

HMRC has recently published a web page called Apply for a certificate of residence in the UK which explains how an individual can apply for a certificate of residence in the UK.

You cannot be resident in 2 countries, so hopefully this will sort it for you. Also if you are still working send a copy of your P60, unless you commute to Spain daily, it would be impossible to work in the Uk and reside in Spain.





Like 1      
01 Feb 2018 09:11 by windtalker Star rating. 1670 posts Send private message

If you spend more than 183 days in any 12 month period you automatically become a resident of Spain.. If you have sold your property or rented your property out in the UK ...then this is no. longer your main residence... in this case the 183 day rule Doe's not apply ...you will become a residents of Spain from day one of your arrival.

 


This message was last edited by windtalker on 01/02/2018.



Like 0      
01 Feb 2018 14:04 by johnzx Star rating in Spain. 5241 posts Send private message

   Alaska

            The Certificate of Non Residence is obtained from the Extranjería (Foreigners Department) of the National Police.

They are renewable every two years.

Most banks will, for a fee, obtain the certificate for you-

 

PS   That your bank has changed your account to a residents account  would seem not to make much difference other than to save you paying for the non-residents cert every 2 years.

The main difference between residents and non-residents accounts I believe is that the non-resident account is tax free.  That a resident’s account is unlikely to earn any interest on which tax would be stopped  makes that irrelevant anyway.

 

Anyone got another angle which I have missed  on this ?

 


This message was last edited by johnzx on 01/02/2018.



Like 1      
01 Feb 2018 15:43 by alaska Star rating in Herts/Almeria. 14 posts Send private message

Yes it appears you are indeed correct johnzx! Having visited various offices and back to the bank today.

We have to get this certificate which had run out.

The bank have agreed to do this for us for 30 euros. Numerous forms were filled out today and they cross referenced our UK address with what we had given them initially,  we have to prove our pension to them on our return to the UK.

In future we can email the bank to renew. It just goes to show a different contact made all the difference.

Will now have to put a note in diary for Jan/Feb 2020!

 

Thanks again for your help.





Like 0      
01 Feb 2018 16:09 by johnzx Star rating in Spain. 5241 posts Send private message

Maybe others can help, but I have no idea why your bank would need to know,   or why you should tell your bank anything about income you have in UK.  I personally would not do.so and I am tax resident in Spain.

 

When my son, who is not resident in Spain, had an account he was never asked for that info





Like 0      
01 Feb 2018 16:25 by ads Star rating. 4014 posts Send private message

Johnzx

 " Most banks will, for a fee, obtain the certificate for you- "

Don't some Banks automate the system for you and take the amount every two years from your current account but waive the fee if you have a deposit account (savings) with them?

 


This message was last edited by ads on 01/02/2018.



Like 0      
01 Feb 2018 16:30 by johnzx Star rating in Spain. 5241 posts Send private message

Ads you may be right. I do not know what every bank does. 

However, I am very surprised to hear  that a Spanish bank would not make a charge; they usually do whenever possible !





Like 0      
01 Feb 2018 16:36 by ads Star rating. 4014 posts Send private message

Nothing lost in asking the question if your Bank would do this, Alaska!

 





Like 0      
01 Feb 2018 17:15 by Kavanagh Star rating in Oil Drum Lane Newcas.... 942 posts Send private message

Kavanagh´s avatar

The Certificate of Non Residence is obtained from the Extranjería (Foreigners Department) of the National Police.

They are renewable every two years.

Most banks will, for a fee, obtain the certificate for you-

It would be interesting to know how Extranjeria can issue this certificate for people registered resident.



_______________________
There is enough in the world for everyone, but not enough for the greedy!



Like 0      
01 Feb 2018 18:07 by ads Star rating. 4014 posts Send private message

Mmmm.....No Police cross referencing Kavanagh to check if applicants have actually provided a tax certificate proving residency elsewhere?





Like 0      
01 Feb 2018 19:37 by johnzx Star rating in Spain. 5241 posts Send private message

Despite any erroneous ideas to the contrary which anyone may have, it is the Extranjerías  which issues the non-resident’s cert.

Sorry if it too obvious but that is the office where the NIE's and EU Registrations are administered, so of course they can see from the records on the system,





Like 0      
01 Feb 2018 20:11 by Kavanagh Star rating in Oil Drum Lane Newcas.... 942 posts Send private message

Kavanagh´s avatar

Whatever the system and whoever is responsible for it, 1,000s of Brits initially opened non resident bank accounts to get started, then purchased a property and registered as residents. They still have these non resident bank accounts. So how Extranjeria can issue this non resident certificate for people registered resident is another Spanish nonsense and mystery.



_______________________
There is enough in the world for everyone, but not enough for the greedy!



Like 0      
02 Feb 2018 12:02 by floella Star rating in SE Spain. 772 posts Send private message

 

Have had a property in Spain for a few years and have always had a non residents bank account. However Bancaja in their wisdom have changed it to a residents bank account, they say we have to prove we are non residents now. Which is the best way to do this please? 

Maybe banks and financial institutions here are adopting the recent rules set by UK Inland Rev and “ demanding” proof as to which country we should, or should not, be pay tax to.

Too many people straddling the borders hoping it is advantageous to be overlooked.

 

 





Like 1      
03 Feb 2018 10:48 by ads Star rating. 4014 posts Send private message

Important information from Spanish Property Insight re disclosure of tax information....

"Spain signed in 2014 a treaty, along with over 100 other countries, for cross-border tax co-operation to combat tax evasion. As from 2018, the Spanish Tax Authority (AEAT) will automatically receive a great deal of fiscal information from non-resident owners, including UK and Irish nationals. And by the same token, the Spanish Tax Office will be collating a great deal of fiscal information on you from Spanish banks, and other sources, and sending it back to all those countries that signed the CRS treaty.

One of the (most visible) results of this budding cooperation between tax offices is the letter or e-mail you will have received in January 2018 from your Spanish bank/s informing you they are going to pass along a great deal of fiscal information on you to the Spanish Tax Office, which in turn will relay it over to your home country’s tax office.

Both countries, going forward, will now be busy cross-checking your fiscal declarations and tax residency to catch you out in case you have not been declaring and paying your taxes in your country of tax residence as well as in Spain.

If you are tax resident in Spain, even unbeknownst to yourself, and you have failed to declare your income you may be facing fines for tax model 720 follow a sliding scale. Any ‘incongruity’ is fined starting at €10,000 and any data ‘omitted’ is fined starting at €5,000. Fines can lead up to a staggering 120% of the undeclared amounts you hold abroad on being resident in Spain. The afore does not preclude the fines for Income Tax which additionally can be up to 150%.

Bottom line, for your own sake, if you own assets or derive any income in Spain, get your taxes sorted out pronto because it is a ticking time bomb and time is running against you. "





Like 2      
03 Feb 2018 12:11 by floella Star rating in SE Spain. 772 posts Send private message

As I thought and not before time although guess it will take some time which may give confidence to some folk. But never forget tax authorities, world wide, have no reason to hurry whilst interest is accumulating from 5-7 previous years €€€€€€€ plus future infinitum providing there is some form of communication between those involved

Certainly UK are going for gold. Every financial institution we deal with are requesting proof of where our tax office is.

 

 

 

 





Like 0      
03 Feb 2018 13:50 by ads Star rating. 4014 posts Send private message

Floella

"providing there is some form of communication between those involved"

What happens if people have not received letters or emails  from the Spanish Authorities? 

Just wondering as you understand it Floella, Is this action dependent on being informed by the authorities( acting as a start point) ? 

Will this be open.  for instance,  to future challenge if the authorities have not correctly informed individuals of the specific details relating to this cross border cooperation and individual's responsibilities in this regard going forward?

 


This message was last edited by ads on 03/02/2018.



Like 0      
03 Feb 2018 14:07 by mariedav Star rating in Ciudad Quesada. 1068 posts Send private message

I don't think you get letters or emails from the Spanish authorities or, indeed, the UK authorities. I certainly haven't but I have had ones from my UK bank. Non-residents in Spain that I know have had similar letters and emails from their Spanish banks.

 





Like 0      
03 Feb 2018 14:35 by floella Star rating in SE Spain. 772 posts Send private message

 Writing from personal experience communications from any financial or tax institution will always be via post...whether UK or Spain. Sometimes hand delivered.

In both countries proof of a notification being sent is all that is required. One doesn’t receive it.....that’s tough.





Like 0      
03 Feb 2018 15:13 by Kavanagh Star rating in Oil Drum Lane Newcas.... 942 posts Send private message

Kavanagh´s avatar

Does that work both ways?.



_______________________
There is enough in the world for everyone, but not enough for the greedy!



Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

Transfer from Girona to Platja D'Aro - 1 posts
CostaLuz Lawyers cases won so far in 2018! - 0 posts
Costa Luz Lawyers - 114 posts
Balcony extension - 13 posts
Winter in Torrevieja - 1 posts
How do I prove I am not a scammer?! - 7 posts
Modelo 210 - 2 posts
About the school - 9 posts
Winter travel to Spain - 13 posts
what is FORM 036 pls - 11 posts
Fined €200 for not having ITV - car only 2 years old! - 16 posts
Car Battery Supplier - 3 posts
Family Move and buying a business lease - 6 posts
Debt Attachment - 1 posts
Question for Maria on interest payments (Ley 57/68) - 10 posts
Reclaiming 3% non resident Tax Refund after property sale - 15 posts
Help with Spanish Taxes - 6 posts
Furnishing a house in Jalon - 3 posts
registering an imported car - 2 posts
looking to buy a car. - 7 posts
Special needs schools spain - 11 posts
tax on uk pensions - 3 posts
Bank guarantees - 53 posts
Advice on Cajamar Bank - 14 posts
Portadriano - 0 posts

Number of posts in this thread: 20

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x