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planning retirement spreadsheetIt would be great if we could all retire with a nice portfolio of savings and pension income, without having to worry about paying the bills most retired people pay.
This is where double tax treaties come into play, and in the case of a Spanish resident owning property in the UK, the double tax treaty articles 13 (1) and 24(4) can ensure that any gain is taxed in the UK. Fortunately, you can usually avoid UK CGT by remaining non resident for a period of at least five complete tax years. In terms of Spanish tax, whilst the Spanish may be able to levy tax on the gain, the current position is that in practice many residents have found that the Spanish revenue authorities have not been interested in the gain arising in the UK. So the book is in practice correct and a very interesting and informative read to boot.
Millions of people depend on their plans for retirement income. Yet, when programmes first became popular over two decades ago, Robert Kyosaki's rich dad WARNED that these plans would cause one of the BIGGEST stock market crashes in history... a crash that would financially destroy the unprepared. Now rich dad's prophecy is coming true. * How the fears, dreams, and actions of millions of 'baby boomers' will control the economic future... I understood from the book that although we had the NASDAQ exchange record its biggest ever one-day fall, back in April, 2000, - the worst is still yet to come! Read it NOW, or you'll regret it!
1. Free Retirement Savings Calculator | Planning Spreadsheet
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