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UK Gov update on buying or renting properties in Spain, post Brexit. - Page 7

Mellee07

Posted: Sun May 23, 2021 11:20pm

Posts: 69

29 helpful points

Location: Camposol

Joined: 19 Jan 2021

Posted: Sun May 23, 2021 11:20pm

PeterC wrote on Fri May 14, 2021 11:46am:

I should perhaps qualify my previous post: we moved when just pensioners, with a bit more energy than we now have. I had studied Spanish for a couple of years before the move and although I will never be fluent have managed most of the time, and although the spanish bureaucracy still frustrates I...

... can fight my way through it. Not being able to discuss medical matters fluently is and always will be a problem - this was highlighted when my other half - who has never managed the language - fell over when out on her own shopping. She had broken her nose and was shocked and although eventually someone stopped and got her some help, being whipped off to hospital and left alone with no English speakers until I could get there has affected her. If I was to die here she simply could not cope.

With very little being made easier (although Los Alcazares council is certainly getting more accomodating of foreigners) what I am saying is that it is even more important these days to do a real plus/minus list for your reasons to move to Spain, and get the blinkers off. It is very different living here than getting on a plane for a few weeks sun.

I have to wonder how bad their lives are in the UK!

Incidentally, re Anne's "Increase the pension income by not selling in the UK but renting out on a long term rental basis.  If that amount of income, added to your pension, would lift you into the right income bracket. " - you will be taxed on the property as an asset worth over €50,000 and fined if you don't declare it on Form 720, and taxed on the rental income. “PENALTY: The failure to submit the informative tax form 720 will be considered a law infringement and the corresponding sanctions will be applied. The minimum sanction will be 10.000 Euros if you don't submit one of the assets and 30.000 Euros if you don't submit any asset above described.”

An intelligent guy, speaking from experience and giving an honest unbiased assessment of the trials and tribulations of pensioners living in Spain. Hats off to you Peter. 

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