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Ian’s Update

Posted and filed under Brexit and Spain, General Articles of Interest, Legal Issues in Spain, Newsletters, Other Services, Property in Spain. Tagged:

Hello Everyone  I remember writing the newsletter this time last year and all the talk was “Brexit” with a nod to the Corona Virus and the associated lockdowns which we thought at the time could last for weeks!  Well, things look very similar but with a few solid glimmers of light on the horizon. Green shoots, I think is the... Read more »

Considerations for those that have UK pensions schemes and are, or wish to become, a Spanish Tax Resident

Posted and filed under Financial outlook, Newsletters, pension. Tagged:

There are many types of pension schemes and understanding their benefits and restrictions for many can prove troublesome. Although there are UK Government backed advice centres, they themselves often direct you to a UK financial advisor, who will not have the knowledge or experience to advise you on what is best for you and your finances in Spain. Moving overseas... Read more »

Residencia to TIE exchange

Posted and filed under Brexit and Spain, General Articles of Interest, Legal Paperwork (NIE, Residencia, Padron), Local area, Newsletters, Spanish Residency. Tagged:

Should you have applied for residency before the 1st July 2020 you will have a green residency card or A4 Green residency document. If you have the green residency documents you are not legally obliged to obtain the new plastic TIE Card, but you are invited to apply for one by the Spanish government if you would like one. The new card... Read more »

MODEL 720: OBLIGATION TO DECLARE ASSETS LOCATED OUTSIDE SPAIN

Posted and filed under General Articles of Interest, Local area, Newsletters, Taxes in Spain. Tagged:

The deadline for submission of the Model of 720 (January 1 to April 1, 2021) for which goods and rights located abroad and valued above EUR 50,000 must be declared. It is a purely informative presentation, but of an essential nature, since the penalties for its non-filing or out-of-time submission are high. Under the “anti-fraud” plan launched in 2013, the... Read more »

What happens to your home in Spain when entering a nursing home?

Posted and filed under Bare Ownership. Tagged:

Entering a nurding home

Your heirs may not have any estate to enjoy in Spain after your days, when entering a nursing home. Do you think one day you may be entering a nursing home. First the good news: well, life expectancy in Spain is high. Chances are you’ll live well into your 80s, your 90s and possibly even longer. Maybe not even entering... Read more »

Investment Opportunities in Equity Release Spain.

Posted and filed under Bare Ownership. Tagged:

We have a number of elderly retirees who are keen to unlock the capital in their homes. They wish to stay there for life, giving investors an opportunity to buy a freehold property with amazing price reductions. Whilst savings are gaining no income in the bank, what can you do to get better returns on your investment? Here are some... Read more »

Residencia and TIE

Posted and filed under Legal Paperwork (NIE, Residencia, Padron). Tagged:

Residencias and TIES

A change in September 2020 means when you obtain Residencia now you will be issued with an identity card called a TIE, rather than the previous small green card or certificates. There are two new processes, one for obtaining your first residencia in the form of the TIE, and a further for people who wish to change their current documentation... Read more »

Now is the time to look at gifting a Property in Spain to Children.

Posted and filed under Property in Spain, Wills, Probate, Donation and Inheritance. Tagged:

donation

Many will not be aware that a new government of the region of Valencia started ruling in the Autumn of last year and they suggested they are going to erase all the allowances for gifting and probates. This will mean a lot of people will pay considerably more inheritance or gifting tax in the future. We are trying to arrange as... Read more »

How to Obtain a Tourist Licence (Valencia Community)

Posted and filed under Newsletters, Other Services. Tagged: ,

Tourist Licence Valencia comunity

Now that we are receiving a number of enquiries about registering a property in the Valencian Community we wish to provide clients with some information about obtain a Tourist Licence. As it is a complex matter, we are setting the information out as clearly as possible. Currently our registration service fees are 40€ + VAT = 48.40€. We also can... Read more »

Possible Requirements for UK buyers in areas of Costa Blanca South

Posted and filed under Newsletters. Tagged:

A Decree was passed in 1978 that stated property located within a certain distance of the Spanish Air Force headquarters in San Javier and Navy facilities in Cartagena required an authorisation from The Ministry of Defence for any non-EU citizens purchasers. This affects areas of Orihuela Costa, including Pilar de la Horadada, parts of San Miguel de Salinas and Cartagena,... Read more »

Investment: Equity Release deal in Cabo Roig, Alicante.

Posted and filed under Newsletters. Tagged:

Residential Tabora, Cabo Roig, Alicante, Spain. Property for sale with 37.5% discount.  134,900 euro. Distressed sale: A quick deal required.   We have a seller looking for equity release, in exchange for a rent-free period of 5 years. (usufruct). After that time he will vacate the property and you will have a property that cost 93,000 less than when it was purchased... Read more »

10,000 Sqm Plot for sale in San Miguel de Salinas, Alicante, Spain.

Posted and filed under General Articles of Interest, Local area, Newsletters, Property in Spain. Tagged:

We have a plot of land for sale that is primed for development. Maybe you want to beat Brexit with a new life in Spain? This might be it!  Situated in the Hacienda “ERA” on the outskirts of the village of San Miguel de Salinas. This plot is within walking distance to the popular town centre. The town of San... Read more »

The Client Journey

Posted and filed under Newsletters. Tagged:

  Well, here we are at last 2021 has arrived. It has been a roller coaster of a year for most of us and we can now look forward to the progress of the vaccine programme, and hopefully a healthier and happier year ahead. I would like to take this opportunity on our first newsletter of this year to introduce... Read more »

Evictions in Spain

Posted and filed under Legal Issues in Spain, Property in Spain. Tagged:

evictionss

Evictions in Spain have had some legal changes over the past week, with new regulations. These entered into law in Spain on 23/12/20 and will apply until the 9/5/21, which is currently the official end of the State of Alarm. Contrary to what many people think, there is not a speedy process for evictions in Spain. It can still take... Read more »

Important Spanish Legal Terms To Know

Posted and filed under Miscellaneous. Tagged:

spanish legal terms

What are the important Spanish legal terms to know or useful words? We are going to explain here some of them here. A list might be confusing, so let’s start with terms to do with law. Spanish Terms for Law First of all lawyers or solicitors are called abogados (or abogadas if female). We have one of each on our... Read more »

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