Re: Another interested newbie
Posted: Tue Mar 20, 2018 12:10 pm
TonTri wrote:One thing to note is that, unless you plan on taking up Spanish residency, you cannot legally stay more than 183 days in any one year in Spain. We currently split ours up as 5 months in the winter and then a couple of weeks in early June. We find the summers here just too hot for us and, like you, enjoy summer in the UK (weather permitting ).
As a footnote, we do let our apartment out in the summer. Last summer was our first and the income we received after tax paid for all the year's bills and that was only 14 weeks of letting. It's a matter of personal preference but is something you might consider once you've settled on a property.
Thank you TonTri. Yes, aware of the 183 day rule and would stay below that threshold for residency purposes and also for tax as my businesses are UK based and I want to keep it simple by paying corporation tax in the UK and also personal tax. Even over winter I am aiming to spend a week or so a month back in the UK which should then "buy" me additional weeks I can take over spring/summer/autumn to make it 50/50 maximum.
The renting idea is something I may reevaluate down the line. The idea for me is very much for the house in Quesada to be a "home" with shirts in the cupboards, personal items in the drawers etc. The idea of boxing that and storing it each time, or even carrying a suitcase, does not particularly appeal. That being said, it does seem utterly absurd to leave the property empty over the prime rental period seeing as I have no desire (or need) to be there throughout school holidays or the summer. For both weather reasons and flight price reasons school holidays hold no appeal so if I could gain a majority yield in that period it would be otherwise empty it seems slightly frivolous to not do so for the sak eof moving personal possessions into storage for a few months! One to sleep on down the line.