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News and information from Spain
International Edition - October 2019
Welcome to the October 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.
Welcome to ÁbacoClub!
Welcome to the ÁbacoClub!

It's a special year of celebrations for us here at Ábaco. It's now 20 years since we welcomed our first clients, the Hutcheons, and to mark our Aniversary we are launching the ÁbacoClub. The aim is to take care of your lifestyle in Spain and, as such, we've been listening to what you've told us you would like the club to include.

We've got lots of plans! In November you can hear more about them at our official launch. Of course, if you can't come to this we will still keep you informed.

ÁbacoClub is free for the ÁbacoTaxes clients of Ábaco Advisers. Most of the events and activities will cost you nothing and are subsidised or provided by Ábaco. Some trips will require contributions but these will be at a reduced cost to that normally paid.

If you would like to apply for your ÁbacoClub card then click here.

You can also find out what's happening by visiting: FacebookInstagram and Twitter. Don't forget to give us a like whilst you're there!

This is an exciting new development and we are very much looking forward to enjoying it with you.
All you need to know about non-resident taxes in Spain
Non-resident taxes in Spain

If you are a non-resident who owns a property in Spain then you might be a little confused about which taxes you should pay to which Spanish authorities. In this article we explain in more detail about the property taxes of IBI, imputed income tax and rental tax. Failure to keep up-to-date with your payments can result in debts being held against your property or even having your bank account embargoed:

Four steps to managing your Spanish inheritance
Managing your inheritance

What happens in Spain when a close family member dies? What should you expect and how will you cope? We advise you to take one step at a time and make sure that you have representation you can trust. In this article we outline four steps that you might take when the time comes:

Spanish Wills and the Ábaco Planning Pack
Making your will

If you have property in Spain you will want to make sure that arrangements are made to help those you leave behind when you die. Ábaco has prepared a planning pack that you can use to ensure that your inheritors are prepared and are able to navigate the Spanish inheritance system.

In this video, Gema Sánchez from our legal department explains what is required for a will to be valid in Spain and what the planning pack consists of:

Ten tips for a smooth sale
Selling property? Read our tips

Most people are aware of the precautions you need to take when buying a property in Spain, but what about when you’re selling? In this article we explain what to expect and how you need to ensure that you are represented during the selling process too. We share with you our ten tips for a smooth house sale:

Spanish residency requirements: The 3 key elements
Becoming a Spanish resident – some advice

If you are considering or are committed to applying for Spanish residency in order to live in Spain then you might find this article by David Ruiz useful. It will not give you all the answers but it points out the pitfalls and is a reminder of the importance of seeking the right support if you are to save both time and sanity:

All Saints and All Souls

The 1st of November is a national holiday in Spain. It’s All Saints Day (Todos Los Santos) and traditionally many Spanish families spend the bank holiday visiting the graves of their relatives in the local cemeteries. If you are in Spain at this time you might be confused by the sudden appearance of flower sellers and markets and some unusual congestion on the roads.

Spanish Fiestas explain the origins of the day and some of the current traditions surrounding it:

All Saints Days Spain

The Murcia Today weekly bulletin has a useful explanation as well as a list of different activities and events that you might want to take part in if you’re in the Murcia region:

Murcia Today weekly bulletin

Tripsavvy have also published an article about this annual event and suggest that you might like to visit Cadiz if you want to see it celebrated a little differently:

How to Commemorate All Saints' Day in Spain
The thankless job of a grandparent: “It’s exhausting, but I can’t say no”
Are you a grandparent?

Even if you’re not, you will probably be able to identify with this cartoon-focussed take on the grandparents who fulfil a caring responsibility for their grandchildren. It’s from El País in English and it highlights an increasing trend:

When 007 helped plot the invasion of Spain
Spain’s James Bond connection

Did you know that Ian Fleming, the creator of James Bond, was once stationed in Gibraltar and was given the task of sabotaging any alliance between Spain and Germany during the second world war?

In preparation for the possibility that an invasion of Spain might follow, new maps were drawn up with contributions from British holiday makers! In these days of google it seems hard to imagine the provision of correct maps as being such a key challenge in espionage. This is a fascinating article from El País in English which reminds us of the shared fortunes of our countries:

The fastest ball sport on earth

That’s what they claim in this Lonely Planet video about Basque pelota. Watching the journalist try his luck at this fast and furious sport you do wonder if something more than just a helmet isn’t needed:

If you’re interested in finding out more about the history of Basque pelota then you might want to read this article which goes into it in some depth:

Alternatively you might like to read what Ábaco has to say about it in Spain Explained:

Confused about what’s happening in Catalonia?

This BBC article provides a summary of some of the reasons behind the push for the region of Catalonia to be a separate state:

Catalonia's bid for independence from Spain explained

If you find the issue of Spain’s autonomous communities one that’s difficult to understand then you might be interested to watch this video:

Spain Is Not A Federation: Autonomous Communities of Spain Explained

Ábaco has also published information about the different autonomous regions on its Spain Explained web pages:

The autonomous regions of Spain
¿Qué? podcast
Spanish news podcast

If you prefer to listen to the Spanish news rather than reading it you might like to listen to El País in English’ weekly news bulletin delivered by podcast. It’s called ¿Qué? and is presented by Simon Hunter and Melissa Kitson. It’s quite chatty and invites contributions from listeners. If you have time to spare and an interest in what’s happening in Spain then it’s worth trying out:

Shopping in Torrevieja
Shopping in Torrevieja

In order to try and keep town centre shopping alive, Torrevieja’s commercial department frequently hosts mini events from some of the shops in the town. One recent example is the activities offered in the streets and in the shops to celebrate Hallowe’en.

During the rest of the year you can also find special offers and attractions taking place to lure you back into the town centre. Like their page on Facebook and you will get regular bulletins of what’s on offer:

OPINION: Why Valencia is the best place to live in Spain
Reasons for choosing Valencia

Valencia is one of Spain’s most popular regions when it comes to buying a property as a holiday home or in which to retire. This article from the local provides us with six very good reasons for choosing it:

Spain's young bullfighters – a photo essay
Spain’s young bullfighters

Whatever your feelings about bullfighting may be, this Guardian article provides insight into the tuition and preparation that goes into making a bullfighter. It tries to explain why the practice still attracts followers and children as young as six years old who choose this as their career:

My Spanish Story: How a remote village in Valencia inspired an award-winning romantic comedy musical
Come to Spain and make a film

Writing a screenplay isn’t perhaps the first choice of occupation for most of us when coming to live in Spain. However, Jonathan Hall and his wife Cass decided to take up the challenge and now you can watch the result, his film ‘Solo’ on iTunes:

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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