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News and information from Spain
International Edition - July 2018
Welcome to the July issue of 'The Word on the Street'. This is your monthly news and information from Spain provided by Ábaco Advisers. We hope to keep you in touch with the news, events and just a little bit of gossip.
Get your property rental ready
Are you thinking of renting out your property?

Property rental is a popular option but it is important to know what your tax and legal obligations are. In this article we outline the information you need to provide about who is occupying your property and the requirements surrounding paying rental tax. We also explain what expenses can be claimed for to help bring down the amount of tax to pay:

Get your property rental ready
Improve your property legally
Improve your property legally

It's a good time to invest in Spanish property. Be careful, however, if you have bought a property to renovate or improve. You are required to have a licence for most home improvements, even relatively small ones. Failure to get the correct licence can cause difficulties when you come to sell or bequeathe your property.

We explain more about it in this article:

The importance of making a will in Spain - protect your assets for inheritors
Making a Spanish will

‘Do you need to make a will in Spain?' is a question that we are frequently asked. We recommend that you do even if you have already made one in your home country. Having a Spanish will simplifies the inheritance process and the legal procedures that have to be carried out.

In this article we explain in more detail what the benefits are and what can happen if you don't make one:

The importance of making a will in Spain - protect your assets for inheritors
Ten beautiful Spanish seaside towns
Spanish seaside towns to visit

Here are some recommendations from The Local of towns in Spain that are perhaps less well-known but are worthy of a visit. If you are on a summer vacation or simply have time to spare why not try somewhere off the beaten track?

16,000 votes, 32 nations – so which is the greatest holiday destination in the world?
Telegraph readers say Spain's the best!

People were asked to vote on their favourite holiday destination from between 32 different countries. And the winner? Spain of course!

The Telegraph's World Cup of Travel saw Australia in second place after more than 16,000 votes on Twitter. The contest was run like a world cup football tournament with group stage results seeing new countries competing directly with one another.

The final part of the public vote continued with the two top contenders, Spain and Australia, pitting against each other:

16,000 votes, 32 nations – so which is the greatest holiday destination in the world?
British Remainers across continental Europe left with feelings of shame and loss after Brexit
Brexit survey

This is a rather interesting survey based on responses from British people living in 20 countries across the EU in June 2017. It asked them about their national identities, plans for the future and reflections on the EU referendum.

It provides a thought-provoking picture of the reactions, feelings and emotions of those perhaps at risk of being most affected by Britain's exit:

The spectacular Qatar mega yacht Al Lusail anchors in the waters of Torrevieja
Not just in Marbella!

It was exciting news to discover that a luxury yacht, Al Lusail, had chosen Torrevieja to weigh anchor. The superyacht that could be seen on the horizon was that of Sheikh Tamin Bin Hamad Al Thani, apparently the owner of the football team Paris Saint Germain.

I hadn't really heard any of these names before but he certainly has a big yacht! Estimated to have cost 100 million euros. What was he doing moored off Torrevieja you may ask...

Liam Gallagher rants at music festival after 'smelly fish' is thrown on stage
President pops into Benicassim

If you're into music you may be aware of the Benicassim music festival that takes place at this time each year. It's a particular favourite with young people who want to enjoy the sun rather than wade through mud at a music festival.

This year the event had a particularly interesting guest. The Spanish president, Pedro Sanchez, payed a visit to watch his favourite band The Killers.

Not everyone was happy though at this year's festival. Liam Gallagher apparently lost it a little when a fish was thrown at him when he was on stage. The Telegraph have a short article about it:

Thinking of building up? Why not build down instead?

Many Spanish properties come with an underbuild; an area below your main living accommodation that could be creatively used as additional living space. This article from Tumbit has some useful advice if you are thinking of making your below stairs as good as upstairs:
QUIZ: How well do you know Spain?
How well do you know Spain?

This is a great little quiz from The Local which will not only test your knowledge but also provides some thought-provoking facts. For example, do you know how Spain once won the Eurovision Song Contest? Try the quiz and find out...

Reduce your electric bill
How to reduce your electricity bill

The Money Saver Spain website is an excellent way of finding out about different ways of saving money. There are many useful articles that provide a variety of tips and the latest promotions that are available. This month we're sharing their guide to how to reduce your electricity bill:
Enjoying life's simple pleasures, such as breakfast at Juan's
Simple Spanish pleasures

The appeal for many who come to live in Spain is the simplicity and perhaps a rough-around-the-edges charm that the country has managed to hold onto in many places. City life may well resemble living in any other European metropolis. However, you can still find the old, traditional ways in most towns that are a little off the beaten track.

In this article, Karathe shares her enjoyment of a simple Spanish breakfast:

10 of the best words in the world (that don't translate into English)
Why not enjoy a sobremesa?

‘Sobremesa’ is one of the words that the Guardian has included in their ’10 of the best words in the world (that don't translate into English)’. It's an interesting collection of words that you probably haven't heard of from ten different countries. Not only do you learn some new vocabulary but also a little more about the country they originated in.
What interests you?
What interests you?

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.

Thank you!
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