Spain Forum

Tax on registered and non-registered investments

2018-06-06T09:14:15Z

I’m considering moving to Barcelona from Canada. I have registered and non registered investment accounts and I was wondering if anyone knew how withdrawals from these accounts are taxed. Also, I understand that the wealth tax in Catalonia is in effect for worldwide income over 500,000 Euros. I assume this includes money in registered accounts?

thanks
Tim

Tax Advisor / Gestora Recommendation

2018-05-28T15:11:36Z

Does anybody have a recommendation for a good tax advisor or gestora?

Need to file my 2017 return in Spain. I thought I had found a tax advisor with NML Consultores in Madrid but their non-responsiveness makes it impossible to work with. Hence I am in the unfortunate position of having to find a proper tax consultant last minute.

My tax situation might be a bit unique/special and I would be curious if someone is in a similar situation and has an advisor with expertise in this field:

- I am NOT a US person. Not born there, never been a resident, never held a greencard or similar, not paying US taxes. Have been born in an EU country.
- Operating a US company: a single-member LLC that is considered a disregarded entity by the IRS

Any recommendation would be much appreciated.

Thanks!

Financial Problems-Handling the Burden

2018-05-11T17:39:55Z

Hello,

It goes without saying that financial problems are a significant negative affectation of problem and compulsive gambling. Savings accounts are drained, credit cards are maxed out and household bills sit unpaid for months at a time.This all too familiar situation could be the toughest thing the gambler encounters and has to deal with once they enter recovery. Often times spouses and family members are faced with this burden until the gambler has worked on themselves, learned fiscal responsibility and is ?well? enough to handle any financial duties in the household.

Please help.

I didn’t find the right solution from the Internet.

References:-
http://www.gamblinghelp.org/forum/viewtopic.php?f=7&t=530
Custom animation studio

Thanks

Financial Pressure

2018-05-11T17:39:08Z

Hello,

Finance is something that cannot be separated from our day today life. Everything lies on the strength of money. Financial problems are something that drives people into great depressions and disappointment.Using drugs regularly can become really expensive. When people are highly dependent on drugs, funding their habit can be their top priority and can lead to crime. They might even opt to put everything on gambling.Intotal the use of drugs took people into all the very bad habits.

Please help.

I didn’t find the right solution from the Internet.

References:-
http://burningissues.org/forum/phpBB2/viewtopic.php?f=4&t=3586
Animated Explainer Video Service

Thanks

Financial Survey

2018-05-07T18:38:50Z

Hello,

We’ve received online questionnaires in our French account for each of us to complete, to comply with anti-terrorism and money laundering rules. As we are not French resident, I have no idew if they want all our income and assets, or just our French income? Also my employment status requires a SIRET number, which I do not have for a UK business. I’ve completed the forms twice, but they won’t submit.

Please help.

I didn’t find the right solution from the Internet.

References:-
https://www.laymyhat.com/forum/viewtopic.php?t=25228&sid=0ff6ea95eb09c5b0dfd43babad8a5c20
Business video animation company

Thanks

Urgent Query!!! Spain-UK Money Transfer

2018-05-07T18:37:50Z

Hello,

Please can anyone recommend the most cost-effective way to transfer around 10-12,000 euros from a Spanish bank (La Caixa) to the UK. Transferring money directly from La Caixa into a UK bank would incur unfavorable rates and commission. La Caixa’s rate for SEPA payments with full data identification is 0.40% of the transaction amount.

Please help.

I didn’t find the right solution from the Internet.

References:-
http://britishexpat.com/expatforum/viewtopic.php?f=410&t=19163
Custom animation company

Thanks

Annual US Expat Survey - Voice Your Concerns!

2018-04-26T03:19:10Z

Greenback Expat Tax Services is reaching out to the millions of US expats around the world, asking for their opinions on filing American expat taxes as a US citizen living abroad, the tax reform, citizenship renunciation, and more. Don’t miss this chance to speak your mind!

Complete the brief survey here: http://bit.ly/2KgCdIE

Unite with your fellow expats, make your voice heard, and be entered to win a $1,000 Hotels.com gift card!

Spain-based British professional scammers, stay alert

2017-11-27T14:02:23Z

I am myself a Victim of Privilege Wealth Scam which Brett Jolly is behind.
If you are one of us, please join us to expose the scammers on the media and the social media. Email us at: sylviajk555 at gmail dot com. We will never get our money back, we have to admit it, but we can help other people not to step into their trap any more at least. We have to get ourselves justice and we have to stop their continuing scams.

If you happen to be an investor of Privilege Wealth in Germany, or you know one, please contact us. We won’t reveal your identity or personal information if you don’t want. Standing up and speaking out your experience of being victim will be very helpful to a news coverage in Germany.

If you are not one of us, then stay alert, don’t become us.

Here are Brett Jolly’s famous scam stories:

- 16 years ago, Brett Jolly’s Holland Moorehouse in South Africa made more than 8000 people lose their investment for holiday accommodation and he left SA in a sudden without anyone knowing.

https://www.iol.co.za/news/south-africa/timeshare-dream-turns-into-a-nightmare-79184

- Here are some other investment scams beside pay day loan of Privilege Wealth and Creditech:

Timber in Ghana to get minerals in Ireland / Non-existing property in Brazil / Carbon credits…...

- Professional stuff and website, beautiful stories at beginning.
- Pretending London-based offices / stuff turned out to be in Spain.
- Partnership in Gibraltar never used banks of Gibraltar, instead, all transactions were made to UK accounts.
- Never received your title of what you have invested or in the case of Privilege Wealth, no new contract regarding the resolution.
- No one answered the phones / emails/ etc and all the directors disappeared after you put money in.
- Companies went to liquidation.
- Brett Jolly argued that he was a victim himself ( he really enjoys arguing and being a victim himself ).

His former employee told me that his telesales got 40% commission to sell such stuff in Green Planet Investment Holdings.

http://www.mirror.co.uk/news/uk-news/green-planet-property-investment-scam-2860441

http://www.thisismoney.co.uk/money/experts/article-2516152/Green-Planet-Investment-promoted-Lee-Sharpe-closed-investors-lose-14m.html

http://www.redd-monitor.org/2013/03/07/anglo-capital-partners-another-boiler-room-scam/

https://www.lovemoney.com/news/24425/why-this-property-investment-was-wound-up-by-the-high-court

http://www.insolvencynews.com/article/16294/corporate/brazilian-land-scheme-firm-wound-up-by-high-court

http://www.echo-news.co.uk/news/10843101.Southend_businessman_facing_fraud_probe_after__investment__firm_loses___14million_invested_by_300_people/

http://www.bbc.com/news/business-28013148

- When you search for the ?biggest diamond in the world? on Youtube, you can see Brett Jolly promoting this ?amazing diamond? which was found out totally FAKE.

https://www.youtube.com/watch?v=OT51mN6FLgI

https://www.theguardian.com/world/2007/oct/06/southafrica.international

https://www.independent.co.uk/news/world/africa/worlds-biggest-diamond-revealed-as-fake-396153.html

Privilege Wealth scam:

http://www.thisismoney.co.uk/money/experts/article-4763678/Banned-11-years-1m-bogus-investment-cheat.html

https://www.offshorealert.com/privilege-wealth-seemingly-under-criminal-investigation.aspx

Again, German investors please join us in the exposure of these scammers: Brett Jolly ( based in Marbella / Asia) , Mark Munnelly (based in Marbella / US), Richard Colwell (based in London), Peter Strokes (based in London) , Martin Sampson, Andrew Sweeney (based in Marbella) and Tomasz Pawelek.

These are the companies involved with these scammers which continue to propose “payday loan investment” to potential investors like Privilege Wealth did:

GENERAL WEALTH PORTFOLIO 1 LLC
GENERAL WEALTH PORTFOLIO 3 LLC
GENERAL WEALTH PORTFOLIO 4 LLC
GENERAL WEALTH INC (INACTIVE)
CREDITECH USA, INC (INACTIVE)
CREDITECH USA, LLC
C-TECH FINANCIAL CORP
FINTECH SOFTWARE DEVELOPMENT GROUP INC
USC LOANS, LLC

Those companies are registered in Florida. Others such as Creditech / Investabl / International Portfolio Service / Prestan Invest are registered in UK.

Again, if you are an investor and especially if you are in Germany, please join us! Thank you.

Tax Question: Can I file by mail / post?

2017-09-29T01:24:39Z

Hello! Thank you very much from right now for your thoughts on this, I really appreciate it. I have a question about filing taxes in Spain (as a non-resident property owner): I?m a new property owner, and I?ve run into a question I just can?t figure out. This is my first year paying taxes (IRNR imputed income): I must file Modelo 210, and I’m trying to do it on my own. I have completed and validated (1) the predeclaration for Modelo 210 (via AEAT website); and (2) paid AEAT via my Spanish bank. I cannot make the final, formal presentation to the Hacienda online (because I have now neither a Clave nor a certificado digital), and I cannot present it personally since I am outside of Spain. I have imagined that I can mail (1) Form 210 and (2) the bank justificante (with NRC) to the Hacienda / AEAT. But I cannot figure out (1) if this is a valid way to make the formal presentation; or (2) the address to which I should send it. I have found in Section 5D (here:http://bit.ly/2wZY2Jy ), but I can’t confirm this anywhere else. If anyone might set me on the right path, I will be very grateful! Thank you! Leah Ashe; lashend at gmail dot com

Multiple Questions from the Newbie

2017-08-07T23:38:47Z

Hello,

The wife and I are considering retiring in Spain. We’ve just started poking around, so we have a lot of questions:

1) Is it as awesome as it appears?
2) What is the cost of healthcare?
3) What do US expats do about Medicare when they are eligible?
4) If our investments reside in the US, what are the tax implications, and how do we manage exchange rate risk?
5) How is the cost of living? What could we expect to spend on an annual basis to live comfortably and travel a bit in the rest of the EU, etc?

Any help and advice would be greatly appreciated!