If it isn’t and is languishing in a bank account then you might want to think about investing in property in Spain. In this article we outline what the options are and what the advantages might be. Find out more about ‘house flipping’ and renting out and follow our guidelines for a successful investment:

If you are thinking about moving to Spain you might want to read this article. It’s a big decision and one that many people have never regretted. However, it’s important to do your research and think carefully about what the financial and personal implications might be. In this article we outline some of the considerations involved to help you decide if it’s the right move for you:

Living in Spain as a foreigner: What is it like?

Equity release or ‘nuda propiedad’ is an option in Spain if you are living in a property that belongs to you but would benefit from some cash to spend. In this article we give an example of how much equity you might be able to release and how it changes depending on age and property ownership. Find out more about the pros and cons and what is meant by a bank’s ‘reverse mortgage’:

If you want to put your dream into action then the Golden Visa might be an option for you if you are a non-EU citizen. Although you have to have a sizeable quantity of money to benefit, it can be ideal if you have money to invest. We explain how it works, what you need and what the next step might be:

It can be confusing – what documentation do you need and in what order? How do you access your pension and what is the situation with healthcare? We give a summary of the most important points to be aware of if you’ve taken the decision that retiring in Spain is the right choice for you:

If you don’t live in Spain but have property here then you should be aware that 31
st December is the deadline for making your non-resident tax declaration. This is the time when you pay your imputed income tax to the Spanish Tax Authority if you do not rent out your property but use it as a holiday home. Find out more about this tax declaration and what it means for you in these articles:

There could be another opportunity to exchange your UK licence for a Spanish one if you haven’t already done so. On the Brits in Spain Facebook site they provide information about the current situation which includes an agreement having been made that will allow a further 6 month window for driving licence exchange to take place:

As British people are still getting to grips with the impact of Brexit and the ongoing restrictions related to the time they spend in Spain, so more opportunities to extend their visit seem to be emerging. One of the latest is the ‘digital nomad’ visa scheme which Murcia Today publish could begin in 2023. The visa isn’t only applicable to the British, but to any nationality outside of the EU. You need to be working for a company not based in Spain to qualify and, of course, there are a number of requirements that you must fulfil:

If you live in or near to Torrevieja then you might be interested in taking part in their Fiestas Patronales. This is the local festival held at this time of year which has some very unusual characteristics. Firstly take note of the ‘gigantes y cabezudos’ in other words - giants and big heads. Yes, you read correctly. These strange characters – on stilts and unsurprisingly, with large heads, file around the town centre accompanied by an entourage of children whilst singing traditional songs and banging on the drum.

You can watch a video here and find out exactly when the procession will be setting out each day over the course of the week:

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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