Hi There, newbie here.
I have a chance to emmigrate to Spain next year (Valencia or Tenerife are on the hot list) with the family, and am negotiating a 3 day week on same sort of money with a company. At present I am running under an Umbrella co. who pays me from the agency from the client. So I have some questions:
1) Would I be better off trading under a UK Ltd. Co. with a good accountant, bearing in mind I will be staying 3 nights in the UK so I presume I can claim expenses, what I do not know (flights, accomodation, food, fuel for UK vehicle???)
2) As I will be living more than 183 days in Spain and understand that I will be resident but retired?? So will I pay UK tax, as I earn money in the UK, or will I be taxed from Spain .
3) Has anyone else on the forum done this and know the pitfalls of 'Eurocommuting'?
4) If I choose Tenerife are there any Tax breaks? Do I need an offshore account?
Any pointers would be great and thanks in advance.
Babybadger
I have a chance to emmigrate to Spain next year (Valencia or Tenerife are on the hot list) with the family, and am negotiating a 3 day week on same sort of money with a company. At present I am running under an Umbrella co. who pays me from the agency from the client. So I have some questions:
1) Would I be better off trading under a UK Ltd. Co. with a good accountant, bearing in mind I will be staying 3 nights in the UK so I presume I can claim expenses, what I do not know (flights, accomodation, food, fuel for UK vehicle???)
2) As I will be living more than 183 days in Spain and understand that I will be resident but retired?? So will I pay UK tax, as I earn money in the UK, or will I be taxed from Spain .
3) Has anyone else on the forum done this and know the pitfalls of 'Eurocommuting'?
4) If I choose Tenerife are there any Tax breaks? Do I need an offshore account?
Any pointers would be great and thanks in advance.
Babybadger
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