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Thinking of buying in Camposol - Page 2

frequent flyer

Posted: Mon May 4, 2020 9:57pm

frequent flyer

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Posted: Mon May 4, 2020 9:57pm

PeterC wrote on Mon May 4, 2020 9:21pm:

The only solid information that we have at present is pre whatever the final Brexit agreement is, so with that in mind: as an EU resident you may spend no more than a total of 183 days in a calendar year without becoming a tax resident. You are (under the same rules) allowed to spend visits of up...

... to 90 days without having to register on the register of foreigners (not the same thing as tax resident). if you exceed these limits you will be regarded as resident and must fulfil requirements on income and health cover, the latter being an unknown post-Covid..

What a seller will accept is dependent on what their situation is - my experience is that offers of 50% below asking price is a viable starting point - you can always go up, but never come down.

So much depends on your own circumstances - age, how much you can afford to lose and so on, and what your personal crystal ball tells you the travel situation will be, which will determine how much time you can spend in Spain.

PeterC the 2 bed villa opposite me is up for sale for €40,000 ... around £35,000 ...I bet you would love to pick it up for 50% less =€20,000=£17,000...I think you should go a see a doctor about that bump on the head you had as it's making you make silly statements...as a 50% reduction on a property that is up for sale at €40,000 just is not going to happen...the banks or property owners just won't sell at such a low price ..no one would and that means even you.

PeterC

Posted: Mon May 4, 2020 10:08pm

PeterC

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Posted: Mon May 4, 2020 10:08pm

Well they can always say no, and be asked how much they would take? There is no value in a house other than what someone will pay for it.

CFC1905

Posted: Wed May 6, 2020 10:16am

CFC1905

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Posted: Wed May 6, 2020 10:16am

Don't forget that under Brexit we are no longer deemed as part of EU. Currently no idea what is going to be agreed but this year we were coming for a 12 week stay till July,  going home to UK for a break of only about a month and then returning for another 7 week break. Therefore well under the total 183 day limit per year

However, and I may be wrong, but my understanding as a no EU country is that I can only stay for 90 days and must then NOT return to Spain for another 90 days

Not what we wanted and will not give us the time out there that we want

Much to be clarified under Brexit but this rule, if accurate, stitches up our original logic to buying a property 

GraSal

Posted: Thu May 7, 2020 2:34am

GraSal

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Posted: Thu May 7, 2020 2:34am

Please note that something called 

Non Resident Tax is payable in Spain if you own a property you are liable to this tax with penalties. interest, surcharges and ultimately an embargo on your property if you do not pay your taxes each year. A good lawyer should help you settle these taxes each year!

Sunnyspain

Posted: Thu May 7, 2020 6:42am

Sunnyspain

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Posted: Thu May 7, 2020 6:42am

GraSal wrote on Thu May 7, 2020 2:34am:

Please note that something called 

Non Resident Tax is payable in Spain if you own a property you are liable to this tax with penalties. interest, surcharges and ultimately an embargo on your property if you do not pay your taxes each year. A good lawyer should help you settle these taxes each year!...

...

Hi we found Spanish tax forms online were a lot cheaper to work this out rather than a lawyer. Even cheaper still you can download the form and fill it out yourself for free and take it into a Spanish bank to pay. 

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