If you have moved to Spain and have assets of more than 50,000€ in another country, then you are required to complete an asset declaration form before 31st March. Although it isn’t necessary to complete the form routinely every year, there might be occasions when your situation has changed and it should be resubmitted. For more information about who should submit and how, you can read our article about the modelo 720 and its sister form, the 721:

If you rent out your property in the Valencian region to tourists then it is important that you fulfil your legal obligations. New regulations were issued in August last year and in this article we outline what the key changes are and what this will mean for property landlords:

If you live in Spain and complete a Renta tax declaration every year then there are a number of expenses that you can set against your overall income. Most of these are designed to encourage people to be healthy and to maintain a positive lifestyle. For example, you can claim for gym membership and some dental expenses. To check whether you might be eligible to include some of these in your annual form, check our article:

If you are looking for a place to live in Spain or a new place to visit then you might be interested to read about Biar in the province of Alicante.The town dates back to Roman times and has many archaeological remains to prove it. Perhaps particularly to be recommended is the walk up to the castle which rewards you with views of the Vinalopo Valley. David Ruiz at Relocate to Spain, tells us more about this traditional Spanish town:

Tenerife, one of the Canary Islands, is blessed with having a climate that keeps you warm all year round. The months of December, January and February can be particularly chilly on Spanish mainland but venture out to the Canaries and you can still enjoy beach days without your jumper.

Time really does fly and for those who were amongst the first group of British to exchange their green residency certificate for a TIE card with a five-year limit, it is now time to renew your card. If you were one of the early applicants, it is important to check the expiry date of your TIE as allowing it to expire could make reapplication more complicated:

Do you know your Costa Brava from your Costa Tropical? You might not have even known that there was a Costa Tropical (the south-east corner of Spain that includes Granada). This article from Think Spain provides a brief summary of each of the Costas, the main attractions, who it’s popular with and its main towns and cities:

Your guide to the Spanish Costas

We’re nearly there as it is. Your bank cards, flight details and boarding cards, gym membership and nearly everything you need on a day-to-day basis can be stored on your mobile. The one remaining reason for needing a physical wallet is your Spanish ID. That is until now. Benidorm has been chosen as a testing ground for the European Union’s digital wallet. An initiative which means that your identification can also be stored on your phone. This might include your ID cards, passports and health insurance details:

We would welcome any suggestions for future themes you would like us to cover either in the newsletter or in an article on Spain Explained.

Please let us know by email at newsletter@abacoadvisers.com.

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