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We haven't made it to Estepona yet but are planning on it this year. ☺️

thank you so much! This is what keeps us motivated! 🙏🏽 We are trying to be better on every video 🤗

Thank you for the question and sorry if we weren't clear. Yes, the regional taxes are almost the same as the national tax. For simplification, the tax table we used in our example is double the national tax rate. Let us know if you have other questions or would like further clarification. Thanks for watching! ☺️

@@SeekingParadiseBugs So the tax table used in the video might be a good approximation of the combined national and regional taxes, a simple estimate of what the total tax bill might be?

Yes, exactly, we are showing a simple example of the total tax.

Thank you very much!

Thanks for asking. We'll add that to our list of follow up questions!

Paid tax already in other country.

Glad it was helpful!

That is an issue in many towns in different countries. Unfortunately, we deal with it in our neighborhood in Lisbon too.

Thank you so much! Happy to hear this is helpful and yes a gamechanger for public servant and military pensions! Let us know if there is anything you would like to know or clarify. We are planning a Q&A with Pro Spain Consulting to cover more questions we've received.

distance to an international airport is definetly important because we travel every other month. We are American, we are not planning on settling down anywhere until we travel some more to find the forever place and we have no attachments. We are also aware of the drought problems which is why we didn't plan on going there during the summer...and finally, yes we do speak Spanish and we are learning Portuguese. Thank you for watching

actually...Both the Bay Bridge in San Fran and the Ponte 25 de Abril in Lisbon were built by the same company (American Bridge Company). They are both built to withstand earthquakes which are common on both cities 🤙🏽

awww...that's so sweet and motivating for us! Thank you so much! 😊

lol...we know that there may not be a PERFECT place but we plan to find as close to perfect as possible.

We feel that Fuengirola is a little more vibrant and we would be happy to live there but we preferred the quieter areas up in the hills of Benalmadena with amazing views of the coast line. Everything is so close so we could have the best of both worlds.

That's great to hear. We're really excited to see Estepona this year and hope to make it to Costa Blanca too!!

Lucky you! Those views are incredible!!

Thanks for letting us know! We'll definitely take a look. 😊

@SeekingParadiseBugs Most places they are selling on those shows are under 250k

Good luck, have fun and keep us updated!!

😍😊😍😊

Thanks! That's awesome!!

We love them too! We also love living in Lisbon. Albufeira is on our list to visit this year. Let us know what made you decide to focus there instead.

@@SeekingParadiseBugs We presently have two properties in Obidos...we had to purchase asap because of our pets. which is also the same reason we want to purchase a winter vacation property (because of our pets)...as for Albufeira...its a very easy 3 hour drive to get to and it's such a fantastic fun place to explore. Plus for tax reasons, it's much easier to sell and buy in Portugal for us. You will LOVE LOVE LOVE Albufeira...IF you like Vegas or the party parts of Thailand (on a much smaller scale of course). Stay in Old Town if you can. OH, and if you can....go to Porto for June 23 and experience the lanterns and hammers and the biggest street party you've ever seen. Portugal certainly loves their celebrations! Happy Travels.

It's a wonderful opportunity to be able to live in other countries!

We can't wait for our first trip to Asia next year. What area(s) did you like best in Thailand?

Correct. Even with a tax treaty between Spain and the US, Spain taxes make it a no go for me.

We really liked living in Mexico and agree the tax situation is easier for US citizens living there. Spain has definitely captured our hearts though and the cost of living is low enough that some people may live a better quality of life than in the US on the same income. It really depends on the amount and source of income and the region you choose to live in Spain. We are planning a follow up video with Pro Spain Consulting to clarify some questions we have received and hope it will be helpful.

@@SeekingParadiseBugs You guys really do a fantastic job. Kudos.

It's our understanding over 65 is exempt. We plan on a Q&A session with Pro Spain Consulting that we will share in a video to clarify questions people have.

Donkey Dreamland does wonderful work to educate owners and help neglected donkeys!

We know this has been a controversial term and we actually consider ourselves expats right now as we live in different countries as temporary residents. We will consider ourselves immigrants when we decide on our forever home and obtain permanent residency in that country.

@@SeekingParadiseBugs English people settled in Spain, living for decades, call themselves Expats. You are late and they were there first. So playing the game of being temporary residents? Residents.....

We know this has been a controversial term and we actually consider ourselves expats right now as we live in different countries as temporary residents. We will consider ourselves immigrants when we decide on our forever home and obtain permanent residency in that country.

We do not indicate you would need to delay tax residency until 2026. We are suggesting you may not want to sell a house in the US or any other country in 2024, move to Spain and become a tax resident that year as you would then owe capital gains tax to Spain for the sale of the property. Spain taxes residents on their worldwide assets so you could end up owing capital gains tax to Spain if you become a tax resident the same year that you sell a property in another country. This could be avoided with proper timing of your move.

Glad it was helpful!

We understand the tax obligation seems overwhelming. The quality of life Spain offers plays an important role for us and individual tax planning can help reduce the amount you owe.

I would agree, but as a usa citizen the usa tax will apply regardless of wherever you live. You won’t pay double, as per the treaty. You will pay the difference after subtracting the lesser amounts, is my impression. A tax specialist needs to be good for both tax responsibilities it seems.

@@yanassi Yes, believe you can claim the taxes from Spain in your U.S. income tax return, but the percentage in Spain is at least double what we pay in the U.S. it increases to about 42 percent as you move up in income. Probably the best option for a retiree, is to live in Spain under the 183 days a year in avoid their taxes all together. I’m thinking of dividing my time between Europe, USA and South America.

It really depends on the amount of income, source of income and region you live in Spain. We are still learning and sharing as there is not a lot of helpful information out there for US retirees. Of course, consulting with a Spanish tax advisor is always best for each person's individual circumstances. We plan to do a Q&A session with Pro Spain Consulting that we will share so let us know any specific questions you may have!

Thanks so much! Our first video on Italy will be out in the next couple of months and we will be doing more. 😊 Spain is amazing and we hope your dream to return comes true!

Thank you for watching and commenting! ☺️ We don't want to deter people from living in Spain, we want to educate on what to expect. So many other things are lower cost in Spain that some people may live a better quality of life for around the same annual amount or possibly a lower amount. We will be doing a follow up to clarify and answer more questions that we hope will be beneficial for decision making.

Maybe live 3-4 months a year in Spain. You won't get into their tax system if you reduce the amount of time you stay there.

Yes, many people consider living there less than 183 days a year is their best option.

After meeting with a tax consultant my interpretation was that if I am taxed 34% by the US, and my tax in Spain was 24%, I would only pay 10% due to the Treaty between the US and Spain

​@@sabrinakoehler6209correct, the tax is probably going to be higher in Spain so you can file a tax extension in the USA and claim a tax credit on your US taxes after completing your Spanish taxes.

yes. We talked to Pro Spain Consulting (based in Marbella). We made a video about Spanish Taxes and they helped us a ton with the information we provide. Let them know the Seeking Paradise Bugs sent you 😊

Thanks so much for watching! It's comments like yours that inspire us to keep making videos. 🥰

We know this has been a controversial term and we actually consider ourselves expats right now as we live in different countries as temporary residents. We will consider ourselves immigrants when we decide on our forever home and obtain permanent residency in that country.

Thank you that is great to hear! Let us know if you have other questions. We may do a follow up video.

Absolutely so live everyday like it's your last and optimize your taxes to pay the least! 😊

thank you Alex! 😊

you crack me up! thank you. Shakira could have saved herself money and her marriage too 😅

We know this has been a controversial term and we actually consider ourselves expats right now as we live in different countries as temporary residents. We will consider ourselves immigrants when we decide on our forever home and obtain permanent residency in that country.

Thanks so much! We appreciate your support!! 😊

Thanks so much! It's definitely a great place to visit!!

Thanks for watching and please let us know how the complimentary consultation works out!

@@SeekingParadiseBugs will do.

we're not aware of that. If we hear a confirmation will update here in the comments. So many changes, we wouldn't be surprised

lol...don't get discouraged! We highly recommend talking with a professional like Pro Spain Consulting to assess your individual situation. Check out our link in the description box for a free 20 minute consult with them.

Our pleasure!

Thanks so much! I just put a link to the airbnb in the description box of the video under our Paradise Home Requirement list. 😊 They usually get hidden when posted in the comments.