Conor55
American looking for information about Spain
Forum posts
16
About me
American
Registration: 11 September 2023
Activity
Taxes in retirement for Americans by Erichsisol
hi there, I'm planing to retire in Spain (around Barcelona) but the main concern are taxes. I did online research but found incomplete or confusing information about taxation in retirement. Here is my info: I'm US and also Slovakia-EU ...
@forgabrielA quick google search says pensions of civil servants are not taxed in Spain but the pension gross amount is used to determine your progressive tax rate. I did not know this! I am with a large mid west school district and also planning ... Read More
Roth IRA or Roth 401k taxation by Erichsisol
Hi all US expats and Tax accountants! I'm a US and as well as EU citizen (non-Spain) living in US and planning to retire in Spain. I have researched a lot online and YouTube videos but I could not find any concrete reliable information about ...
@chaslesliebThr only downside I see with thus strategy is it will increase your networth for the wealth tax calculation. If left in the Roth account, even though the gains are taxed as income, it would not be part of the wealth tax calculation as ... 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 ...
You have to take into the account the strength of the euro relative to the dollar. If you are earning dollars and convertIng to euros, Barcelona will indeed be more expensive than most US cities.My Spanish relatives buy clothing, electronics, ... 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 are significantly higher than the US. i dont know about CA state and LA sales tax but it’s hard to imagine anywhere with higher taxes than Spain. Luxury goods and cars are much more expensive in Spain. Healthcare care and third level ... Read More
Exchanging Irish Drivers License for Spanish one by Conor55
Hello,Can anybody advise me on requirements to change my Irish license for Spanish drivers license? For some context, I have Irish / US citizenship and currently live in US. I am planning to move to Spain for 5 to 6 months a year and will have a car ...
I don't plan to maintain a residence or address in Ireland, so there would be no where to mail it. Also, after age 70 or 75, I will probably need a vision test etc. annually to keep my license, I don’t want to have travel to Dublin to take the ... Read More
Exchanging Irish Drivers License for Spanish one by Conor55
Hello,Can anybody advise me on requirements to change my Irish license for Spanish drivers license? For some context, I have Irish / US citizenship and currently live in US. I am planning to move to Spain for 5 to 6 months a year and will have a car ...
Thanks for the replies. I will need to be ordinarily resident in Spain to exchange my Irish license for a Spanish license. I don’t know how thoroughly they check residency during the exchange process.I’ve been a US resident for 20 years ... Read More
Exchanging Irish Drivers License for Spanish one
Hello,Can anybody advise me on requirements to change my Irish license for Spanish drivers license? For some context, I have Irish / US citizenship and currently live in US. I am planning to move to Spain for 5 to 6 months a year and will have a car ... Read More
U.S. Revokable Trust & NLV by ktwright
Does anyone have personal experience getting their Spanish Non-lucrative VISA renewal with their assets in a revokable trust? While we still have easy access to that money, just as we did before the trust, we wondered if the Spanish will have a ...
I would be interested in learn mote about how trusts are treated for tax purposes in Spain. Could a trust be used to avoid the Spanish wealth tax? Read More
Health care and American investment funds by seamus452
Hello EverybodyWe are thinking seriously of moving to Spain within the next year or two on a trial basis.We are both dual US/ Ireland citizens.Our major concerns are health care and our American investment funds. We are entitled to and currently use ...
Hello Seamus,I am in a similar situation as you. I am also Irish US dual citizen although my wife is a Spanish US dual citizen. Income taxes are higher in Spain, so matter how you structure your investments you are going to pay more if you become a ... Read More
Taxes in retirement for Americans by Erichsisol
hi there, I'm planing to retire in Spain (around Barcelona) but the main concern are taxes. I did online research but found incomplete or confusing information about taxation in retirement. Here is my info: I'm US and also Slovakia-EU ...
@njtaylor2001 Taxes would be fine if government was efficiently run. The Spanish middle class are very heavily taxed supporting a large number of people working on the black market or not at all. The healthcare system is not as amazing as people on ... Read More
Taxes with NLV by Lole9
I am just starting to investigate the required taxes on retirement earnings with a NLV. It seems as though it may be over 30-35%. Has anyone found a way to be in a lower tax bracket? Thank you!
You will be subject to Spanish income tax when you become a Spanish resident and it is higher than US federal tax. Spain has some of the world's highest income tax rates and has a wealth tax. You will have to file both Spanish and US tax return. You ... Read More
Taxes with NLV by Lole9
I am just starting to investigate the required taxes on retirement earnings with a NLV. It seems as though it may be over 30-35%. Has anyone found a way to be in a lower tax bracket? Thank you!
Can you explain the acronym - NLV? What country are you moving from and what will be the primary source of your retirement income while living in Spain? Do you plan to become a Spanish Tax resident? Read More
Long Term Car / Nursing Home Care in Spain
Hello, I am an EU / US dual citizen planning to retire to Spain with my wife in the future. We plan to reside in Spain permanently on retirement and not pay into the US Medicare system. I will therefore not being returning to the US for LTC /Nursing ... Read More