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News and information from Spain
International Edition - May 2019
Welcome to the May 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.
Donate to beat Brexit

The delay to Brexit has left some people putting things on hold. However, there are some advantages too. It means that if you haven’t made plans for your inheritance you can still take advantage of the opportunity to reduce any uncertainty.

In this article our legal department explain about donations and how they might be an alternative to beating post Brexit inheritance tax implications:

Renovations and extensions. Keeping legal in Spain

In this video, we explain what licenses are required to perform your desired home improvements, how and when these should be completed, and the importance of these to avoid fines, penalties and future problems when selling:

Renting out your property – the rules

Many people buy property in Spain to rent out for additional income. It is a good idea if you want to buy a property here but don’t need it for yourself just yet. For others it is an investment that they might sell on in a few years time. Whatever your reasons for renting out your property it is important that you follow the rules.

In this article we describe the process for renting your property and what the tax implications are:

Getting ready to sell your home?

If you’re thinking of putting your property on the market then you should read this article. Our conveyancing department outline the main pieces of paperwork that you need to have in place in order to ensure that the sale goes through smoothly:

Selling your home? Prepare your paperwork
Civil partnership

If you are part of a civil partnership and don’t want to marry, there are still ways of reducing your tax. You can register as a de facto couple and share some of the tax advantages of being married.

In this article on Spain Explained we outline who is eligible and what the benefits are:

Residency card – last chance

For those whom it affects, there is renewed opportunity to put your house in order with the delay of Brexit. With Britain now expected to leave the European Union by the end of October, those living in Spain have opportunity to ensure they have all the correct paperwork in place.

David Ruiz provides information on his website about the reasons why it’s important to act now and what applying to live in Spain might look like post Brexit:

There are heroes after all

El País in English reminds us of the valiant attempt of the Spanish man Ignacio Echeverría to stop the terrorist attacks in London in 2017. As inquests are currently being held, the bravery of this young man becomes even more evident:

Some beautiful villages

There are many beautiful villages in Spain. This time El País introduces us to ten favourites from the region of Asturias. From the picturesque Hamlet of Cudillero to the fishing port of Luarca, you’d be hard pressed to select one of these above the others. Which one is your favourite?

Have you come across ¿Qué?

It’s a podcast produced by El País in English and is advertised as trying to ‘explain to an English-speaking audience the curious, the under-reported and sometimes simply bizarre news stories that are often the headlines in Spain’. If you prefer listening to reading and are happy to subscribe it could be a good way of keeping in contact with what’s going on.

If you want to find out more and see their selection there is also a website you can visit. This also includes information about their Spanish podcasts too if you want to practise your Spanish:

How did your neighbour vote?

If you are a resident in Spain and voted in the local town hall elections earlier this month, you might be interested to see how the votes went in your local area. This is a fascinating view of the whole country which allows you to find out exactly the voting patterns in each part of your town.

Watch out for pickpockets

Like many tourist destinations, some Spanish towns can provide rich pickings for pickpockets. In the busy summer season there is plenty of opportunity on crowded streets for them to make their swoop. In this article from The Local, they provide you with 10 pieces of advice to make sure you keep your belongings safe and don’t fall for a scam.

It’s important to be aware but also be reassured. Some of these scams mentioned are rare and most people will never experience them. However, forewarned is not a bad place to be.
How to have a low maintenance home

If you are on the look out for a property in Spain but don’t want to spend much on its maintenance, you might like to read this article. It is quite old but the advice it gives is generally timeless. Tumbit tell us about ten features that can contribute to high maintenance costs and has some very practical advice about how to reduce this.

Free guided tours

Visiting the Murcia Today website is a great way of finding out about what’s going on in the Murcian region. They are very good at keeping you informed about the tours that are available. In this case there’s one on 7th July and that takes you on a trip round the bodegas in the town of Bullas.

The tour is in Spanish but, they point out, that even if your Spanish is limited there is lots for you to see if you are interested in the wine-making industry:

New notes issued

It’s not just about Murcia. Murcia Today also publishes a useful guide to what’s happening in Spain. You can find out all kinds of information from what’s occurring with the price of petrol to reading a summary about the Catalan issue. If you like to keep informed, not just about places to visit but also what’s happening politically and practically in the country, then this is a good source of information.

This article tells us about the new 100 and 200 euro notes:

A good idea that started in Stratford

A good reason for travelling can be that visiting other places triggers ways of improving your own. One example is described in this interesting article published in the Guardian. It describes how Enrique Bocanegra was inspired by a visit to Stratford to transform a famous painter’s home in Seville.

Velázquez’s childhood home was lying abandoned and by hook or by crook, Enrique was determined to do something about it:

Five difficult questions

No, this isn’t another version of our magazine quiz. Money Saver Spain suggests that everyone living abroad should ask themselves five questions about the future whilst there is still time. It’s not a case of panic or doom and gloom, just being prepared for what might happen and some things that definitely will:

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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