I’m planning to move to Spain this year, but Spain has a wealth tax for worldwide assets over 700.000€ if you are classified as a resident which I want to avoid.
I’ll try to be a short as possible:
- I am a german citizen and I’m renting a flat in London, UK but haven’t stayed there a single day in 2016. (110 days in different countries in Asia, 10 days in Spain, 30 days in germany)
- I own a flat in germany that I rent out to tenants (limited tax liability for the rental income in germany), but besides that I don’t have any income except for a few dividends from my stocks
- I am planning to fly to Thailand for 2 months beginning of December 2016
Although I am renting the UK flat until December 2016 I prefer not to be in UK, which would mean that I would not be classified as a UK-resident because I would not meet any of the automatic UK or sufficient tie tests.
I’d like to move to Spain as soon as possible but would be willing to stay out of it for x weeks to avoid being classified as a resident and save wealth tax.
Can anyone help me in this matter? whats my best line?