[ Offshore Tax ] Roth IRAs as a Tax Resident in Spain скачать в хорошем качестве

[ Offshore Tax ] Roth IRAs as a Tax Resident in Spain

[ Offshore Tax ] Roth IRAs as a Tax Resident in Spain "In Spain, Spanish law applies. However, for funds within an IRA, when there is a distribution, you are taxed in the USA. But in Spain, you will pay for the profits within the fund. In other words, you would need to bifurcate the contributions from the return on this capital invested. Furthermore, you would only need to match sales (assuming equity positions needed to be liquidated to facilitate withdrawals) and distributions within the present tax year so that only these gains are taxed at the appropriate tax rates in Spain, which range from 19% to 45%." TIMESTAMPS: 0:00 INTRO 0:15 ROTH IRAs in Spain 1:25 Investing in ROTH for US ex-pats in Spain 3:00 Diversifying portfolio in Spain as US ex-pats 4:00 Tax planning in Spain for US ex-pats 5:00 OUTRO -------------------------------------------- OUR CHANNEL OFFERS: Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth. Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world. SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION: https://www.youtube.com/c/TaxesforInt... -------------------------------------------------- WATCH OTHER VIDEOS:    • [ Offshore Tax ] Is Earned Income tax-free...      • [ Offshore Tax ] What is the main tax adva...      • [ Offshore Tax ] Taxation of Crypto in Can...   -------------------------------------------------- Here are 4 ways we can help you: SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/ STREAM premium educational videos: https://htj.tax/youtube/ CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/ High Net Worth? We can QUOTE for doing your "US-International" tax returns. FOR MORE DETAILS, CONNECT WITH US: ✉ Contact us at [email protected] -------------------------------------------------- FOLLOW US ON: 🌍 Check our website: https://htj.tax/ 🎙️ Listen to our podcast: https://podcast.htj.tax/ 📸 Add us on Instagram:   / htj.tax   🐦 Add us on Twitter:   / derren43   📕 Add us on Facebook:   / htj.tax   💼 Contact Derren on LinkedIn:   / derren-joseph-ea-0345332   DERREN JOSEPH: Can you continue to invest in a Roth IRA while being a Spanish tax resident? Any downsides or better options? TODD COWAN: Yeah, so, I'm kicking it head-on. The answer is yes, you can contribute to the Roth IRA as a Spanish tax resident. The caveat to this is that Roth IRAs are not treated for Spanish tax residents as tax-deferred vehicles. So it's basically a look-through account. So, as a Spanish tax resident, it would basically be considered a brokerage account. So you would, you know, gains income would be taxed as a Spanish tax resident, but it doesn't preclude you from investing in it. So, you know, it, it, it's kind of, it's neither here nor there. I mean, so you don't, I don't know whether you would actually want to continue, you know, making that contribution. Perhaps if you were to release Spain for, you know, you know, long enough to longer be a Spanish tax resident, then those contributions could, could be there for you, and the money from a US perspective can continue to grow tax-deferred. But it's just the one caveat that you're gonna want to make sure that you understand is that from a, from a Spanish tax perspective, you're not gonna get that, that benefit of tax deferral on that account. Terms of are there any better options? I think, was that the second part, Darren? Yeah, I think the interesting thing is, and I'm gonna make an assumption here. If you're investing in a Roth, then you're probably US connected as well, or at least a US tax file. And the challenge you have is that most, I guess, span Spanish incentivized plans, whether it be Spanish-compliant bonds or Spanish private pensions are not really suitable investment structures or account structures for IRS filers. So, you know, whether you're a green card holder or whether you're a US citizen, so anything that you might get local resident in Spain from, what would, what otherwise would be a local resident in Spain's preferential tax treatment account structure is not necessarily going to work for, again, a US connected individual. Conversely, you know, again, the reality is that this, you know, a Roth is, it is not gonna be a, a, a great solution. So you're, you're a little bit boxed in. #ROTH #TaxResident #Spain #offshorecompany#HTJpodcast #internationaltax #taxplanning #taxes #internationalbusiness #offshore #expats #investors #offshorecitizen #nomadcapitalist #flagtheory #InternationalEntrepreneur #irs #offshorebanking #ibc #offshorecompany