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Unlocking Spain's Secrets: YOUR GUIDE TO PROPERTY, TAXES, and RESIDENCY | BayRadio Breakfast Show
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Oct 29, 2024
Another chance to watch back BayRadio Breakfast. Moody chats to Ignacio from Pellicer and Heredia Lawyers as they dive into the latest topics and updates: Financial Updates: Learn about the 720 form requirements and tax planning tips for residents and property owners. Discover why staying informed about financial obligations is crucial, and get expert advice on managing your assets effectively. Legal Insights: From court cases to residency applications, Ignacio sheds light on navigating legal matters in Spain. Gain valuable insights into common legal challenges faced by residents and expatriates, and learn how to protect your rights in various legal scenarios. Health Insurance Pre-Brexit: Discover the latest developments and requirements for residency applications, particularly regarding health insurance. Understand the implications of Brexit on residency applications and get tips on ensuring compliance with the latest regulations. Tune in on the radio, on www.bayradio.fm or watch back the the YouTube channel as Ignacio joins Moody every other tuesday at 10am C.E.T. talking through various legal issues, VISAs and updates to legislation. Like and Subscribe to our YouTube channel for more insights from BayRadio Spain, and follow us on Social Media: Website: http://www.bayradio.fm/ Facebook: https://www.facebook.com/BayRadioInSpain Instagram: https://www.instagram.com/bayradiospain/ To get in contact with Pellicer & Heredia International Lawyers: www.pellicerheredia.com
View Video Transcript
0:00
igno is back from p eara w welcome back
0:04
nice to see you again um we were just
0:06
talking about uh what to talk about
0:09
today because I mean your webinar there
0:11
one in two weeks time I see um 28th the
0:13
next one we we are doing I mean
0:15
unfortunately we had to change it
0:17
because of the timetable on our Diaries
0:20
Pedra had to fly over to Poland a lot of
0:23
interest on buying property in Spain oh
0:25
yes and he's doing some seminars in
0:28
Poland uh he's doing and again he's he's
0:32
doing twice in Poland with different
0:34
different companies that there have
0:36
interest wow yeah and um so that's why I
0:40
had to cancel the regular 15 days
0:44
webinar but yes we are doing next one
0:46
we're doing the one for 720 it's just
0:49
basically reminder and questions and
0:51
answer that's important people now
0:53
because some people just say you know
0:56
they come to the office and they think
0:58
they have to do it end up saying no you
1:01
don't have to do it you know right don't
1:03
don't need to do it it doesn't need
1:04
updating sometimes no no no but just to
1:07
to give a give basically a summary for
1:10
them for those who were never resident
1:13
in Spain and they started last year
1:15
becoming resident this year from the 1
1:18
of January to the 31st of December they
1:21
have to launch the uh 720 form as long
1:26
as they have more than 50,000 EUR in in
1:30
a bank account joint or in their name
1:33
assets shares or private pensions that
1:36
they could take again for 50,000 that's
1:40
block number two and block number three
1:42
if they ever purchase a property for
1:44
over 50,000 Euros uh these values have
1:48
to be on the 31st of December so the
1:50
exchange rate we do it for that and you
1:54
will not have to update it at all unless
1:56
you cancel any of these products or
1:59
unless unless you increase yes on 20,000
2:04
EUR any of these blocks I told you right
2:07
so that's basically it okay now the
2:10
fines as you know they're much less than
2:12
in the old days which it was crazy the
2:14
factor of the 720 yes that caused some
2:16
confusion because they took it to the
2:17
European court and people thought they
2:20
canceled the whole thing but that's not
2:21
the case it was just the the fin were
2:23
lowered no the 720 has been has not been
2:26
cancelled at all the thing is a self
2:29
self declaration that you will need to
2:32
report overseas assets abroad and um and
2:37
then it is very important especially
2:39
let's say you sold a property abroad now
2:42
is a good time for you to update it
2:43
because you sold it last year so now you
2:46
need to give the real values in the 720
2:49
and pretty much you will know how much
2:51
will be the income tax you'll need to
2:53
pay if ever so is very good for tax
2:56
planning to for those who have canceled
2:58
products now to arrange an appointment
3:01
to discuss about that and do the tax
3:04
planning because as you know April May
3:07
and June is the time to do the income
3:09
tax return yes so you get that ready for
3:11
correct for filing correct that's what I
3:13
do with clients you know I try to um do
3:16
all the taxation planning already now so
3:19
they're prepare for later okay this is I
3:22
don't know if I introduced you properly
3:23
there just in case anyone has hasn't uh
3:25
heard it before um of course lawyers
3:28
talking um sorts of Law and everything
3:31
but I mean we're talking about financial
3:33
stuff already but a whole range of stuff
3:36
through the criminal law as well you
3:38
find yourself in court with some uh Naro
3:41
well sometimes how much of that comes up
3:43
for you well coure cases we always half
3:46
you know I mean there is certain things
3:48
everything you try to sort out out of
3:50
court but there is certain things that
3:52
um you cannot avoid for example a fight
3:54
between neighbors for example or just uh
3:58
some issues
4:00
on on on crimes or traffic accidents or
4:04
you know so you have a lot of Coe work
4:06
as well family issues unfortunately as
4:08
well I mean I always try to seek um and
4:12
Achieve amicable agreements between when
4:14
when in divorce procedures but when that
4:17
doesn't happen you need to end up going
4:19
through the courts yeah and um easier
4:22
said than done sometimes trying to get
4:23
involved in that yeah yeah and um but
4:27
now that the the very reason uh cool
4:30
case uh I've been dealing with and we
4:32
had a two hearings is about for those
4:35
who apply for the ti pre- brexit but
4:39
they did apply after brexit so they had
4:42
all their
4:43
requirements before the 31st of 2020 I
4:46
believe it was 2020 or 2021 I just keep
4:49
forgetting that time flies yeah 21 I
4:52
think because yeah right well in January
4:54
2021 is when it started um the ti
4:59
process right yeah so so uh for those
5:03
who had so let's say for those who spend
5:07
time in Spain they had the padron they
5:09
had the insurance if they don't have the
5:12
insurance on that time it's not an issue
5:14
because we are having a lot of court
5:16
case in our favor and this is what I'm
5:18
going to tell you about about the court
5:19
case I have two this week about this is
5:23
the health insurance yeah yeah the
5:25
health insurance the administration
5:27
still insist is as stubborn as you know
5:30
as much as they can be that the date
5:33
should be after um before the brexit
5:36
which is not true because you need to
5:38
prove your resident before the brexit
5:41
right but by the application you could
5:44
submit the health insurance after so
5:48
question could I do it now the answer is
5:51
yes you could still apply for your ti
5:56
pre- brexit still nowadays right if you
5:59
can prove that you if you could prove
6:01
now what what do you need to prove you
6:02
need to have the padron you need to have
6:04
the health the health you could you
6:06
could submit it on the application now
6:09
you need to have uh the money in the
6:12
bank so you could show
6:14
that yeah so there is certain things
6:17
that as long as you have
6:19
them then um you could apply for that
6:22
but if you're being so long you could do
6:24
AO as well
6:27
AO okay right so if You' been more than
6:29
three years in Spain illegally or
6:32
irregular in Spain already we could
6:35
regularize that through a different Road
6:38
okay that's called i' call it social
6:40
ties Oro social I'm sure there are a few
6:43
people doing that right is pretty much
6:46
is like a non-lucrative from here but
6:49
European okay even better you know
6:52
because you don't need to renew until
6:53
the 5 years and uh so this is my daily
6:58
fight now well well not only that LE
7:00
I've got two hearings I've got next
7:02
Monday a hearing and I think the
7:04
following Wednesday I have another
7:05
hearing uh again about insurance yeah
7:09
which is an odd thing because it's if
7:11
you're putting in the application and
7:13
you've got the health insurance there
7:14
already it's and it's valid what
7:16
difference what difference does it make
7:17
if it you took it out before or not they
7:20
they're so Square you know they say well
7:22
you can play with everything but the
7:23
insurance was not issue at the very
7:25
beginning when you arrived to Spain okay
7:28
where does it say that and and it's very
7:30
clear that it doesn't yeah but it's
7:32
clear I mean on the application you need
7:34
to have insurance before you didn't have
7:36
insurance but before I was not applying
7:39
for a residency now I am applying for a
7:41
residency and now I'm complying with all
7:43
the requirements this is basically the
7:46
what the judge is doing and and the good
7:48
thing Moody is the judge in I will say
7:52
now 95% of the cases that we deal with
7:55
they are word
7:57
cost and I I may myself very clear to to
8:01
to explain the judge how much damage
8:04
they are doing these Administration with
8:06
this stubborn thing because it's it's
8:09
just they're spending money on us the
8:11
suffering and the stress that you go one
8:13
year or two years with other residency
8:16
sometimes they make your life difficult
8:17
going back on track and apply for it
8:20
again um so so because because
8:23
administrative procedures you know it's
8:25
just because of administrative
8:26
procedures um so you might end up
8:28
winning and get things sorted but it's
8:30
cost you along the way it cost it cost
8:32
you always time and money and stress but
8:36
unfortunately there is no option I me we
8:38
have to do all this way through but
8:41
there's no sort of case of you know
8:43
you've done so many of these now that
8:44
they've got precedence to look at it's
8:46
depend yeah yeah yeah but they don't
8:47
care you know what we do it depends it
8:49
depends who you get on the day you know
8:50
what we do every time now we apply then
8:53
we attach copy of the sentences but you
8:56
wouldn't believe sometimes they don't
8:57
listen no you know and that's why I tell
8:59
them off on the hearing I just tell off
9:02
the the the lawyer of State basically
9:04
saying how much time they make us
9:06
wasting here because that was provided
9:09
the very first day in the old days I
9:10
could understand nobody knew and we were
9:12
starting and okay but now you still
9:15
don't want to do it properly what do you
9:18
in here nothing no sure nothing anyway
9:21
that's part of the administrative Court
9:23
um Criminal Court is different yeah
9:25
Criminal Court it depends whether he's a
9:28
he's a major crime or or minimum minimum
9:31
crime or what we call it like leev leev
9:34
is we call it probably minor crime you
9:37
you'll call it in in in the UK you'll
9:39
say like minor crimes I guess so yeah or
9:42
minor offenses yeah I mean you there are
9:44
serious crimes serious offenses and and
9:46
lowers offenses right uh minor minor
9:49
offenses minor offenses and uh I had one
9:52
which was um it was a denunciation from
9:55
some people um against one of our
9:58
clients we finally won obviously and
10:01
they didn't even turn up the other party
10:03
like the plenti didn't turn up because
10:05
you know probably the whole case was
10:06
Bluff or you know do you want to face it
10:10
that was in Ali caner Court the other
10:12
day and um yeah and we having another
10:15
one recently here about uh claiming
10:18
money back when you lend money you you
10:21
today some Valentine's yeah yes so you
10:23
will lend money to your um to your lady
10:27
or to your to your couple basically and
10:30
as as far as everything goes well is
10:33
excellent the the the cople works well
10:35
but later on when you break up you might
10:38
say well I lend you this amount of money
10:40
and say well no that was a gift right
10:43
you see well this is basically the case
10:45
that I'm dealing and in general the the
10:47
doctorine here in Spain states that uh
10:50
gifts unless you formally apply for and
10:54
declare it as a gift like a donation
10:57
gift okay they don't understand by
11:00
itself is a gift so when you lend money
11:02
you transfer money to somebody there is
11:05
always a presumption you could claim it
11:07
back right okay so that's important for
11:09
people when you know when you split up
11:12
and then you say well I let you uh
11:14
50,000 for this project what about this
11:17
money and well that money could be
11:19
claimed it's not an easy one no sure
11:21
because I'm sure you'll have to find all
11:23
kind of paperwork oh yeah if it's been a
11:24
long time yeah so yeah is a big variety
11:27
Moody here yeah I mean with the criminal
11:29
stuff I mean without getting into
11:31
details but how how heavy does it get
11:33
how heavy does it get you take on big
11:36
criminal cases you defending normally
11:38
normally well obviously you end up
11:40
selecting your cases you see the ones
11:42
that you really want to defend or not um
11:45
but but yeah all that is uh economic and
11:48
criminal economic uh like the fra cases
11:52
and um the urbanistic cases as well we
11:56
deal normally always from the accusation
12:00
party right andless our clients I mean I
12:03
need to believe in our cases you know
12:06
and um and it's very important you have
12:08
a good relationship with your clients um
12:11
and then defending uh the cases that you
12:15
believe in is is okay you know but is
12:18
more about what you choose you know some
12:19
people say I will only deal with these
12:21
kind of cases we do pretty much all
12:25
criminal but with our own with with
12:28
within our morals and and things you
12:30
know so so certain things I wouldn't I
12:32
wouldn't take it on certain cases yeah I
12:36
I saw um it was a picture just the other
12:37
day you know when they have them
12:39
pictures on the park benches in in the
12:40
US in the United States whether it's
12:42
real estate but there was a lawyer and
12:44
he said uh just because you did it
12:46
doesn't mean you're guilty call me where
12:49
do you see that yeah probably no yeah it
12:51
was in it was in the United States
12:53
somewhere right yeah well over there is
12:55
a everyone everyone has the right to a
12:57
fair trial to the friend yeah yeah
12:59
that's correct and and and the
13:01
Constitution allows you to if you're
13:05
being accused not necessarily to convict
13:07
yourself guilty you know you need to
13:09
have enough evidence but um yeah I have
13:13
a big variety of cases um pretty much I
13:17
I love interesting ones you know but it
13:19
is weird when you see some of these
13:21
cases and they I mean you can't say it
13:23
out loud but they obviously did it all
13:26
they're really heavy duty criminals and
13:28
they they got a and you think well how
13:29
can you defend well the thing sometimes
13:31
m is not only about defending the fact
13:34
that is already there and it is
13:37
obvious uh the mission of the lawyer
13:39
will be to minimize the penalty right
13:43
yeah sure so sometimes it's very hard I
13:46
mean you you know have your crystal ball
13:48
and you could transfer things but you
13:51
could work with the system and and and
13:54
just try to make the most out of it or
13:57
the less out of
14:00
so if depending on all the evidence you
14:03
could have a big variety of of penalties
14:05
so the crime for drinking or driving it
14:09
goes from probably 3 months up to 18 or
14:12
24 months so so you've got a variety
14:16
depending on the evidence that you've
14:18
got on the table and you could defend
14:20
you could have a a better one or a worst
14:23
one see so so it's it's a lot of a lot
14:26
of work and negotiation with the public
14:29
prosecutor as well sure so they they
14:31
will allow you to do it so there's no
14:33
real uh routine with you every day is
14:35
different and that makes it exciting
14:36
right every day is different and uh and
14:39
yes um we're having a lot of investors
14:42
now coming and that's another road as
14:45
well so but since we are already 10
14:48
lawyers in the firm and then we are
14:50
we're 20 and then 10 par legal so we we
14:54
could cover a lot of things you know we
14:56
could cover a lot of cases and um but
15:00
yes um actually I have an interesting
15:04
one sometimes mudy you wouldn't believe
15:06
things H when when the day is not your
15:08
day is is I have these people I think
15:12
there was a movie that I don't know in
15:14
English word what was the movie but um
15:18
but uh is the typical day you did
15:20
nothing wrong and everything is against
15:23
you yeah I have those days yeah right
15:26
well that these days on in benedon these
15:28
people people very nice people you know
15:30
you know people that coming from the UK
15:33
in September or it was the end of
15:35
September for a holidays for drinks uh
15:38
come in and out right it was in and out
15:41
well they they end up I'll tell you
15:43
pretty much the story they came um to
15:47
Benny dor obviously it was hot for them
15:50
so they were wish with swims and you
15:52
knowers and everything you know the
15:54
typical uh tourist right yeah yeah I can
15:57
picture them now and for some reason
15:59
obviously they had a few more than a few
16:01
yeah one Euro a pine probably and they
16:04
they some way or the other he he told me
16:08
that um they stole his mobile phone
16:11
right right so I mean it could ever
16:13
happen to all of us you know it could
16:15
ever happen um and and you know nowadays
16:19
if you lose your mobile is you're you're
16:21
in trouble you you know yeah a is a big
16:24
issue right so he panick and he said
16:27
what I'm going to do now now with a
16:29
friend with the other friend he told
16:32
somebody stole my my phone they tried to
16:35
find it don't ask me what a he used
16:37
there is one to find a phone right one
16:40
way or the other he found the phone
16:42
where it was so he went and scanned
16:45
trying to see where the guy was and
16:47
trying to look at the guy oh the person
16:49
had taking it right right now you you
16:52
now you how do you approach these guys
16:54
say sorry do you have my my iPhone do
16:57
you have my well somewh I mean sometimes
17:00
you could be more aggressive or less but
17:02
but here we go so this guy probably just
17:06
got panic and and say no whatever and
17:09
and these other that had a few said well
17:12
you have it well you know he evidence
17:14
again who's true I mean you don't know
17:18
couldve it so they start um pushing and
17:23
and running right so see how these guy
17:26
were so smart the other guy that the the
17:29
rubber let's call it this way that he
17:31
put the whole story the other way around
17:34
he just say no he's chasing he's chasing
17:36
so that ring the police now these people
17:38
didn't know how to ring the police you
17:40
know they're British they come for two
17:42
days three days they know nothing how do
17:44
they know you know and and this guy's an
17:46
expert already of stealing and um so he
17:50
had his plan already he has his plan
17:52
about how to get away with it and um he
17:56
just start running on the street and he
17:58
started screaming in Spanish saying
18:00
somebody's robbing me so was robbing me
18:02
which is not true because he was the
18:04
other one trying to get his own
18:06
phone and uh well to to cut the long
18:09
story short he he he he made a big case
18:13
here out of robbery you could understand
18:15
the place didn't even underst understand
18:16
the clue because when the play that goes
18:18
there who do you trust you know
18:20
who now one way or the other he
18:22
denounced the English that he was
18:26
pushing and and stealing and whatever
18:30
which it was not true probably sometimes
18:32
the police get upset with this situation
18:35
and they don't trust initially the
18:37
tourist no you know especially because
18:40
you're drunk because because you know
18:41
and they don't trust they say well these
18:43
people are still making a big case out
18:45
of it and so they
18:47
stopped uh thinking that the right
18:50
person was the other one yeah sure
18:52
unless it's a repeat offender someone
18:54
that they know they put into jail they
18:56
put into jail they so they arrested
18:59
he couldn't pretty much explain well
19:01
enough because we was a little bit drunk
19:03
and and uh not knowing the language
19:05
until the translator goes and whatever
19:07
you know sometimes police they made
19:08
their mind because they the other guy
19:11
convince him yeah sure so so he end up
19:14
arrested in swimming in in flippers uh
19:17
the whole night the friends were just
19:21
saying what's going on
19:22
here um the phone disappear yeah you
19:26
could imagine the phone disappear they
19:28
didn't because they couldn't understand
19:29
so where is phone and you know you just
19:31
hide it and um so they removed their
19:36
passport they couldn't go back to the
19:38
UK and we had a um quio Rapido which is
19:43
like a a trial mhm about the whole
19:46
case well how so unfortunate plus it was
19:50
a flood so they couldn't do anything
19:52
they couldn't go for a s they couldn't
19:53
do because you know remember in
19:54
September we always get these floods and
19:57
um over
19:59
um the the floods in in South inia all
20:02
these that we had that that was the same
20:04
year right yeah yeah which it was a
20:06
chaos so they they said this is the
20:09
worst experience ever in my life I don't
20:11
know whether they're going to come back
20:12
to Spain but uh so he took him one week
20:15
they need to send their parents um
20:17
family over here no passport no no money
20:21
no you know and we had a trial so they
20:24
contact us from the UK to represent them
20:28
and then we end up uh having uh the the
20:31
final trial in
20:32
venom and um obviously they released
20:35
them we just uh made the the the the
20:40
story with with the judge and well we
20:42
explain everything and that and they
20:44
relas and funny enough he found the
20:48
iPhone later on and um it was given we
20:52
don't know why okay um the police
20:55
station uh got it back so I don't know
20:57
whether these guy already said another
21:00
story to the police and say well this is
21:01
lost or whatever who
21:03
knows so this is sometimes kind of the
21:07
cases that you end up dealing that it's
21:09
a bit crazy yeah sure to believe and and
21:13
everything's against you moody
21:14
everything is against you well yes I
21:15
mean they'll often get the blame but
21:16
it's maybe not always their fault no no
21:19
no no and uh sometimes you are you are
21:22
not lucky just's put it this way
21:24
sometimes if you are in the wrong place
21:26
the wrong day it could be expensive yeah
21:29
yeah you know even though you did
21:31
nothing yeah and there's a lot of them
21:32
doing that as well coming over it's it's
21:34
cheaper sometimes to come to Spain um
21:36
for a night out with the flights and all
21:38
than it is to go out in in the UK yeah
21:41
down spoons too expensive it was I think
21:43
it was very cheap to come from from the
21:46
UK they say it's like let's go on
21:48
holidays for two days drink and you know
21:50
have a good time you know that about
21:52
these things and
21:54
um but but but they were so unfortunate
21:57
and and I just just was thinking that
21:59
when you get your mobile
22:02
stolen you know it's very difficult to
22:05
to first to find it second to prove
22:09
who's who's got it yeah and um because
22:14
you you're going to end up into a fight
22:16
because you're going to go and say to
22:17
the other guy well you've got my phone
22:19
and say no I don't have it so you ring
22:21
the police but you better explain
22:22
yourself good enough cuz if they twist
22:25
the story yeah yeah if the other guy can
22:28
so it's very important having let's put
22:30
it this way proper translat translators
22:33
at the time mhm yeah quite I like those
22:36
stories where someone steals a phone and
22:38
then they start taking selfies and it
22:39
gets uploaded to the the cloud
22:41
automatically the owners oh yeah yeah so
22:43
they just right you know full full on
22:46
photo of them who the GU taking that
22:49
yeah yeah let's talk some more in just a
22:50
moment ttho was here from pay radio it's
22:53
almost 10 to 11 Mainland
22:55
Spain you're listening to Bay radio with
22:59
all due respect to uh Sam Smith and
23:01
Calvin Harris you've heard this before
23:02
and we need to get on because running
23:03
out of time with ignio from pay ready up
23:05
you're International lawers based on the
23:07
Costa Blanca can travel a little bit
23:08
further abroad as well like Poland where
23:11
Pedro is at the moment um and just sort
23:14
of wrapping up about what what did you
23:16
want to mention just no just uh about
23:19
the special tax regime um the Beckham
23:22
law they call the noral Visa that a lot
23:25
of people say um and they mix it you
23:28
know there is that's not the same though
23:29
is it no it's not the same the same
23:30
thing even though you can apply I mean
23:33
for for those who are thinking or
23:36
working remotely for a company abroad or
23:38
even Spanish
23:40
company um then they could apply for the
23:43
Visa okay for those who are non-
23:46
European uh
23:48
citizens if you are European you get
23:51
your residency card fine but on Second
23:54
Stage if you want to benefit from the
23:56
special tax regime then you need to make
23:59
a formal application so my
24:00
recommendation is to do tax planning how
24:02
much money you could save on the special
24:06
tax regime for working for workers
24:10
remotely uh remotely so what did he do
24:12
then because it's when he went to Real
24:13
Madrid right DAV Beckham is what set the
24:16
law so what he he went to Real Madrid
24:19
first and then after afterwards when the
24:23
law was created and he was the first
24:25
forer who applied for it but that was
24:28
the original Beckham law MH this has
24:30
been modifying now so in the old Beckham
24:34
law it had different time scales
24:36
different issues but you had to work for
24:38
a Spanish company okay right but but now
24:42
you don't have to work for Spanish
24:44
company you could work remotely for any
24:46
international
24:48
company which is very very good because
24:51
you could be working remotely for Google
24:53
for you know Facebook for for a lot of
24:56
people instead of working from Ireland
24:58
for example from from different places
25:01
they come over here and they they apply
25:04
for the special tax regime so could a
25:06
European apply for this yes could a
25:08
Spanish apply for it yes but as long as
25:10
they haven't been tax resident in the
25:12
previous five years five years right in
25:15
the old days the old Beckham law was 10
25:17
years M and he was only Spanish
25:19
companies now he's all kind of companies
25:23
but was he able to do that at the time
25:24
because um Britain was in the EU did
25:27
make any difference what do you mean
25:29
with David Beckham because he was see
25:31
British um they were within the EU at
25:34
the time yeah at the at the time it was
25:35
it was nothing to do with that but the
25:37
law didn't exist no sure so working
25:40
being a forigner coming um not being tax
25:44
raised him for more than t 10 years and
25:47
working for a Spanish company I see they
25:50
gave him a special a special tax regim
25:52
okay 24% yeah so that was created after
25:56
David beckon came and he was the first
25:58
one who applied for that yeah and that's
26:01
what it's called the Beckham law but now
26:03
it's being
26:04
amended uh with the startup law yes and
26:08
now it is more International let's call
26:10
it now is you could work all around the
26:13
world pay taxes in Spain the beauty of
26:15
it Moody is you only pay in Spain for
26:18
your income so if you're selling
26:20
properties in your own country if you're
26:23
doing different activities in your own
26:24
country if you're having dividends in
26:27
you don't pay taxes here you only pay
26:29
24% of your salary here in Spain I see
26:32
so that gives you a special tax regime
26:35
MH you're like a resident but you don't
26:38
pay like a resident you pay less than a
26:40
resident and not for worldwide assets
26:42
only for salary okay so it's it's it's
26:45
good for those who are paying a lot of
26:47
money in tax and they could work
26:49
remotely and they haven't been tax regid
26:51
in Spain and I think if they could
26:53
benefit I think they should go for it
26:55
all right well it might be worth getting
26:57
into in touch if anyone's interested
26:58
might Peak a few people's interest and
27:01
of course there is The Nomad Visa as
27:02
well which is slightly different how's
27:03
that going is it yeah is is going very
27:05
well few more going through now now we
27:07
having a lot of yeah now they are
27:10
they're already up and running all of
27:13
them you know it takes time but we are
27:15
smoother now everybody the
27:17
administrations then we know what they
27:19
want and we're very accurate and uh is
27:22
working very well it's working very well
27:24
Spain one of the most popular countries
27:26
that people want to come to
27:28
yeah well look at the weather now isn't
27:30
it but it's too too warm though for yeah
27:32
we don't want this yet no not ready for
27:34
it yet yeah I know all right we're just
27:36
about out of time then so thank you as
27:38
always for your time um we'll see you
27:40
we'll see you in a couple of weeks time
27:41
and that will be the day of the the
27:43
webinar yeah the webinar I thing we're
27:44
holding it on the 28th 28th that's two
27:46
weeks time yeah y yeah so we'll see you
27:48
then okay enjoy the rest of Valentine's
27:50
Day when meetings I'm sure it's very
27:53
romantic have a good one and uh yeah
27:55
we'll see you in a fortnite's time
27:56
that's ignio from
27:58
alant lawyers. by the way is the website
28:00
easiest way to get to it so dagy Ma on
28:02
the way in just a moment and then Cal is
28:04
back later on this afternoon and we'll
28:05
see you back here just over 21 hours
28:07
time
28:08
then you're listening to Bay radio
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