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Brexit and buying in Spain

Posted: Thu Sep 24, 2020 12:47pm
9 replies408 views5 members subscribed
Dianne 52

Posts: 15

2 helpful points

Location: Duquesa

Joined: 4 Jul 2020

Hi we are due to come to Duquesa Dec to rent first with view to buying ,with Brexit we have been told we must get our residency application in beforeDec 31st is this correct and can we still apply later to buy a property.?

Cazmac22

Posted: Fri Sep 25, 2020 8:46am

Posts: 69

12 helpful points

Location: Nerja

Joined: 11 May 2019

Posted: Fri Sep 25, 2020 8:46am

I’m no expert, but as far as I’m aware, to apply for residencia you will need to show deeds for a property or a tenancy agreement. Hope this helps.

Dianne 52

Posted: Fri Sep 25, 2020 10:07am

Dianne 52

Original Poster

Posts: 15

2 helpful points

Location: Duquesa

Joined: 4 Jul 2020

Posted: Fri Sep 25, 2020 10:07am

Cazmac22 wrote on Fri Sep 25, 2020 8:46am:

I’m no expert, but as far as I’m aware, to apply for residencia you will need to show deeds for a property or a tenancy agreement. Hope this helps.

Will this still be allowed after Dec 31st  thanks

Kevin10

Posted: Sun Sep 27, 2020 12:39pm

Posts: 27

7 helpful points

Joined: 6 Nov 2019

Posted: Sun Sep 27, 2020 12:39pm

Hi

You can still buy and come to live here after 31st December but by then you will not be classed as european and therefore every thing will be a little harder to sort ie income. best to sort before if you can.

Regards

Kevin

Dianne 52

Posted: Mon Oct 5, 2020 9:32am

Dianne 52

Original Poster

Posts: 15

2 helpful points

Location: Duquesa

Joined: 4 Jul 2020

Posted: Mon Oct 5, 2020 9:32am

Hope to open a bank account in December which bank is best and what documents will I need bearinginmind I will be in a rental property till I buy Thanks

Dianne 52

Posted: Mon Oct 5, 2020 9:33am

Dianne 52

Original Poster

Posts: 15

2 helpful points

Location: Duquesa

Joined: 4 Jul 2020

Posted: Mon Oct 5, 2020 9:33am

Hoping for a bank in Sabinillas thanks

Kerri

Posted: Mon Oct 5, 2020 11:47am

Kerri

Helpful member

Posts: 222

88 helpful points

Location: Casares

Joined: 5 Sep 2018

Posted: Mon Oct 5, 2020 11:47am

Dianne 52 wrote on Fri Sep 25, 2020 10:07am:

Will this still be allowed after Dec 31st  thanks

Alot of people buy in Spain without becoming a "resident".  If you have no plans to make Spain your home and are maintaining a life in the UK, paying taxes in the UK and only coming to Spain for a few weeks here and there or a few months here and there then its not necessary at all (and maybe not recommended from a taxation perspective) to become a resident.  Even after Brexit you can come here for 90 days at a time and then not again for another 90 days.  You could probably easily plan trips around this restriction.

The only thing now to consider is that after Brexit becoming a Resident will be quite difficult.  

However becoming a Resident and being responsible for taxes in Spain could also be difficult.  Might be best to talk to a qualified Lawyer/Tax Accountant regarding your specific situation.

Getting caught on the wrong side of Govt matters (specifically taxation) in Spain can be costly.

Dianne 52

Posted: Mon Oct 5, 2020 1:17pm

Dianne 52

Original Poster

Posts: 15

2 helpful points

Location: Duquesa

Joined: 4 Jul 2020

Posted: Mon Oct 5, 2020 1:17pm

Kerri wrote on Mon Oct 5, 2020 11:47am:

Alot of people buy in Spain without becoming a "resident".  If you have no plans to make Spain your home and are maintaining a life in the UK, paying taxes in the UK and only coming to Spain for a few weeks here and there or a few months here and there then its not necessary at all (and mayb...

...e not recommended from a taxation perspective) to become a resident.  Even after Brexit you can come here for 90 days at a time and then not again for another 90 days.  You could probably easily plan trips around this restriction.

The only thing now to consider is that after Brexit becoming a Resident will be quite difficult.  

However becoming a Resident and being responsible for taxes in Spain could also be difficult.  Might be best to talk to a qualified Lawyer/Tax Accountant regarding your specific situation.

Getting caught on the wrong side of Govt matters (specifically taxation) in Spain can be costly.

Thanks for the reply,I Amat present in France and have been for the past 19 years I pay my taxes here but when the house sale goes through not sure how I fair we have uk passports thanks 

Rikkie

Posted: Mon Oct 12, 2020 11:44am

Posts: 6

1 helpful points

Location: Cabopino

Joined: 22 Dec 2019

Posted: Mon Oct 12, 2020 11:44am

Dianne 52 wrote on Mon Oct 5, 2020 1:17pm:

Thanks for the reply,I Amat present in France and have been for the past 19 years I pay my taxes here but when the house sale goes through not sure how I fair we have uk passports thanks 

One point to not is that if you sell your home in France and be come a tax resident in Spain in the same year Jan-Dec Spain like to look at your global assets and tax on them, even you home sale. Worth bearing in mind, so if you sell before end of year should be fine... we had to delay our residency as to avoid this

Kerri

Posted: Mon Oct 12, 2020 4:09pm

Kerri

Helpful member

Posts: 222

88 helpful points

Location: Casares

Joined: 5 Sep 2018

Posted: Mon Oct 12, 2020 4:09pm

Dianne 52 wrote on Mon Oct 5, 2020 9:33am:

Hoping for a bank in Sabinillas thanks

Banco Sabadell.  They may not be the cheapest but I have found them good.

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