Re: Looking to buy a property
Posted: Tue Jan 09, 2024 11:41 pm
Due to some brilliant information from Marcliff, the experiences of some of you guys on here, and some research online on my part, I've almost had a complete turnaround from my original plan. I'm now going to rent for a year (possibly two) before committing to buy a home in Spain (or deciding it is not for me and returning to the UK).
It also seems likely that to get the most from my Spanish experience, I'm going to have to sell my house first, as opposed to renting it out three months at a time while I have the upheaval of a move to-and-fro from a rental in Spain to avoid the tax sting.
My thinking is keep the money from my house sale and just rent in Spain and become a tax paying citizen (after my house sale money is free from Spanish tax) and I have an EU passport to work if my company pension is not sufficient to get by on.
If anyone has experience to share, please do. I just want to avoid costly mistakes!
Thanks,
Mac
It also seems likely that to get the most from my Spanish experience, I'm going to have to sell my house first, as opposed to renting it out three months at a time while I have the upheaval of a move to-and-fro from a rental in Spain to avoid the tax sting.
My thinking is keep the money from my house sale and just rent in Spain and become a tax paying citizen (after my house sale money is free from Spanish tax) and I have an EU passport to work if my company pension is not sufficient to get by on.
If anyone has experience to share, please do. I just want to avoid costly mistakes!
Thanks,
Mac