Official rate GBP to Euro for 2018?
- peteroldracer
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Official rate GBP to Euro for 2018?
Does anyone know what the official exchange rate is to be used for the 2018 tax return please? One pension paid in sterling needs converting.
I used to cough to disguise a [email protected] I f@rt to disguise a cough.
Re: Official rate GBP to Euro for 2018?
That is the sort of information that should be included in a FAQ.
Hang on it is at the bottom of the page
viewtopic.php?f=42&t=27576
Cheers
Gerry
Hang on it is at the bottom of the page
viewtopic.php?f=42&t=27576
Cheers
Gerry
Gerry Harris
- peteroldracer
- Andalucia Guru
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- Location: Los Alcázares, Murcia
Re: Official rate GBP to Euro for 2018?
Thanks Gerry. Sadly the new allowances don’t affect me, or indeed the OH.
I used to cough to disguise a [email protected] I f@rt to disguise a cough.
Re: Official rate GBP to Euro for 2018?
Gerry,
I saw this on your link-If your income is less than €12000 you do not need to declare unless you have more than one source of income and the second and subsequent incomes exceed €1500. Two pensions would count as two sources of income even though you would add them together on your declaration.
So my wife for 2018 had £9891 (11077 Euros)income from one pension source, does this need to be declared?.
I saw this on your link-If your income is less than €12000 you do not need to declare unless you have more than one source of income and the second and subsequent incomes exceed €1500. Two pensions would count as two sources of income even though you would add them together on your declaration.
So my wife for 2018 had £9891 (11077 Euros)income from one pension source, does this need to be declared?.
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Re: Official rate GBP to Euro for 2018?
You should make a declaration every year, even if it is zero tax. Doing so makes sure you are always registered as tax resident. This is less important for Spanish nationals as they are, by definition, tax resident from birth unless they prove otherwise.
Failure to do so may lead to complications when you sell a house or where inheritances are involved.
Sid
Failure to do so may lead to complications when you sell a house or where inheritances are involved.
Sid
Re: Official rate GBP to Euro for 2018?
Sorry yes I know about the declaration, last yr it was over €12,000 I'm still declaring the 11077 euros so it doesn't attract any tax then?.
Re: Official rate GBP to Euro for 2018?
Another reason for declaring is if you have any interest from investments.
The interest is taxed at source.
If you are below the tax threshold then you will get the tax you paid on the interest refunded.
My wife will get a 3 cents refund.
As you know the interest rates on savings are very low.
Cheers
Gerry
The interest is taxed at source.
If you are below the tax threshold then you will get the tax you paid on the interest refunded.
My wife will get a 3 cents refund.
As you know the interest rates on savings are very low.
Cheers
Gerry
Gerry Harris
Re: Official rate GBP to Euro for 2018?
Thanks Gerry
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