Zero Double Taxation – Smart Expat Tax Planning Saved Thousands & Funded Growth

Zero Double Taxation – Smart Expat Tax Planning Saved Thousands & Funded Growth

๐ŸŒ ๐‡๐จ๐ฐ ๐’๐ฆ๐š๐ซ๐ญ ๐“๐š๐ฑ ๐๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐†๐š๐ฏ๐ž ๐Ž๐ฎ๐ซ ๐”.๐’. ๐„๐ฑ๐ฉ๐š๐ญ ๐‚๐ฅ๐ข๐ž๐ง๐ญ ๐š ๐…๐ซ๐ž๐ž ๐•๐š๐œ๐š๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐ญ๐ก๐ž ๐”๐€๐„ โœˆ๏ธ๐Ÿ’ธ
๐˜Š๐˜ข๐˜ฏ ๐˜ข ๐˜ด๐˜ฎ๐˜ข๐˜ณ๐˜ต ๐˜ต๐˜ข๐˜น ๐˜ด๐˜ต๐˜ณ๐˜ข๐˜ต๐˜ฆ๐˜จ๐˜บ ๐˜ง๐˜ถ๐˜ฏ๐˜ฅ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฏ๐˜ฆ๐˜น๐˜ต ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ฏ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜ฉ๐˜ฐ๐˜ญ๐˜ช๐˜ฅ๐˜ข๐˜บ?

Thatโ€™s exactly what happened when we helped a U.S. citizen working remotely from Spain take full advantage of the ๐๐ž๐œ๐ค๐ก๐š๐ฆ ๐‹๐š๐ฐ and ๐”.๐’. ๐ž๐ฑ๐ฉ๐š๐ญ ๐ญ๐š๐ฑ ๐ซ๐ž๐ฅ๐ข๐ž๐Ÿ ๐ฉ๐ซ๐จ๐ฏ๐ข๐ฌ๐ข๐จ๐ง๐ฌ.

โš ๏ธ ๐“๐ก๐ž ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž: ๐ƒ๐จ๐ฎ๐›๐ฅ๐ž ๐“๐š๐ฑ๐š๐ญ๐ข๐จ๐ง ๐’๐ฎ๐ซ๐ฉ๐ซ๐ข๐ฌ๐ž
Even after relocating abroad, U.S. citizens must still file, and potentially pay, ๐ญ๐š๐ฑ๐ž๐ฌ ๐จ๐ง ๐ญ๐ก๐ž๐ข๐ซ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž ๐ข๐ง๐œ๐จ๐ฆ๐ž. Combine that with Spanish taxes, and itโ€™s a recipe for overpayingโ€ฆ unless you plan smart. ๐Ÿ’ก

๐ŸŽฏ ๐“๐ก๐ž ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง
Hereโ€™s how we helped our client unlock thousands in savings – while staying fully compliant in both countries:
๐Ÿ”น๐’๐ฉ๐š๐ข๐งโ€™๐ฌ ๐๐ž๐œ๐ค๐ก๐š๐ฆ ๐‹๐š๐ฐ ๐€๐๐ฏ๐š๐ง๐ญ๐š๐ ๐ž
– Flat 24% ๐ญ๐š๐ฑ on Spanish-earned income (vs up to 47%)
– ๐๐จ ๐’๐ฉ๐š๐ง๐ข๐ฌ๐ก ๐ญ๐š๐ฑ on U.S. (or other foreign) income and assets
– Locked in for up to 6 ๐ฒ๐ž๐š๐ซ๐ฌ
๐Ÿ”น ๐”.๐’. ๐“๐š๐ฑ ๐Ž๐ฉ๐ญ๐ข๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง
– ๐…๐จ๐ซ๐ฆ 2555 (๐…๐„๐ˆ๐„): Excluded up to $126,500 (2024) of foreign salary.
– ๐…๐จ๐ซ๐ฆ 1116 (๐…๐“๐‚): Claimed credit for Spanish taxes paid.
– ๐‡๐จ๐ฆ๐ž ๐’๐š๐ฅ๐ž ๐“๐š๐ฑ ๐‘๐ž๐ฅ๐ข๐ž๐Ÿ: Used ๐’๐ž๐œ๐ญ๐ข๐จ๐ง 121 to exempt capital gains on U.S. home sale.
๐Ÿ’ฅ ๐‘๐ž๐ฌ๐ฎ๐ฅ๐ญ: Their total U.S. tax liability dropped to nearly ๐ณ๐ž๐ซ๐จ.

๐Ÿ–๏ธ ๐“๐ก๐ž ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ: ๐Ž๐ง๐ž ๐…๐ซ๐ž๐ž ๐•๐š๐œ๐š๐ญ๐ข๐จ๐ง, ๐™๐ž๐ซ๐จ ๐’๐ญ๐ซ๐ž๐ฌ๐ฌ
With effective tax planning:
– They saved thousands
– Took a family vacation to the UAE
– Remained 100% compliant in both the U.S. and Spain

๐ŸŒ ๐‚๐š๐ฅ๐ฅ๐ข๐ง๐  ๐€๐ฅ๐ฅ ๐”.๐’. & ๐ˆ๐ง๐๐ข๐š๐ง ๐„๐ฑ๐ฉ๐š๐ญ๐ฌ, ๐‚๐€๐ฌ ๐š๐ง๐ ๐‚๐๐€๐ฌ
Whether you’re an expat or a ๐‚๐ก๐š๐ซ๐ญ๐ž๐ซ๐ž๐ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐š๐ง๐ญ (๐‚๐€) or ๐‚๐ž๐ซ๐ญ๐ข๐Ÿ๐ข๐ž๐ ๐๐ฎ๐›๐ฅ๐ข๐œ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐š๐ง๐ญ (๐‚๐๐€) supporting global clients, our team at NishQuo Consulting helps you:
– Minimize taxes legally
– Stay compliant across borders
– Turn complexity into clarity, and savings

๐Ÿ“Œ ๐‘ญ๐’๐’๐’๐’๐’˜ ๐’–๐’” ๐’‡๐’๐’“ ๐’“๐’†๐’‚๐’-๐’˜๐’๐’“๐’๐’… ๐’˜๐’Š๐’๐’” & ๐’†๐’™๐’‘๐’†๐’“๐’• ๐’ˆ๐’๐’๐’ƒ๐’‚๐’ ๐’•๐’‚๐’™ ๐’•๐’Š๐’‘๐’” ๐’‚๐’” ๐’š๐’๐’–๐’“ ๐’๐’†๐’™๐’• ๐’—๐’‚๐’„๐’‚๐’•๐’Š๐’๐’ ๐’Ž๐’Š๐’ˆ๐’‰๐’• ๐’ƒ๐’† ๐’‰๐’Š๐’…๐’Š๐’๐’ˆ ๐’Š๐’ ๐’š๐’๐’–๐’“ ๐’•๐’‚๐’™ ๐’“๐’†๐’•๐’–๐’“๐’.
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