Posted: Sat Mar 19, 2022 7:51am
Thank you for your reply.
I am in the process of buying a property in the UK . To fund it l had to sell a portfolio of investments based in Spain and a withholding tax of over €7k was deducted. Normally my Spanish tax liability is considerably less.
l had previously been advised that, should l return to the UK, l should register with HMRC in the 3 month gap between the Tax years.
I haven't yet decided whether to reside in the UK permanently. Would l be better off as a Spanish resident with a home in the UK or a British resident with a home in Spain?
I have a 3 year window to sell my apt in Spain to reclaim the additional rate of stamp duty the British govt levies on the purchase of the UK property.
Perhaps in the light of the 5 year time scale you mentioned l would be better not registering with HMRC and continue to pay Spanish taxes.