Buy or rent?
Sep 20th 2018, 9:05 am
#1
Just Joined
Thread Starter
Joined: Sep 2018
Posts: 2
Buy or rent?
Hello....new to this but just wondered what people generally think is best to do....am guessing that renting to start would be the best idea, any advice welcome, thank you
Sep 20th 2018, 9:30 am
#2
Started off with nothing
Joined: Feb 2009
Posts: 4,944
Re: Buy or rent?
Rent before you buy. Many posts giving this advice.
Sep 20th 2018, 10:00 am
#3
BE Forum Addict
Joined: Jan 2016
Posts: 2,320
Re: Buy or rent?
No doubt about it, rent for at least a year. Your view of the region you choose will change and , once on the groud, much easier to explore without the burden of a "Done deal"
Sep 20th 2018, 10:00 am
#4
Just Joined
Thread Starter
Joined: Sep 2018
Posts: 2
Re: Buy or rent?
Thank you
Sep 20th 2018, 11:35 am
#5
Just Joined
Joined: Jul 2018
Posts: 24
Re: Buy or rent?
Anybody any idea of any waiver time when renting in Spain (before potentially buying) - where your UK house proceeds are not classified for the Wealth Tax and also any liability for Spanish CGT.
Sep 20th 2018, 4:54 pm
#6
BE Forum Addict
Joined: Jan 2016
Posts: 2,320
Re: Buy or rent?
1. The sale was the owner's principal residence, minimum of three years.
2. The new principal residence is purchased within 2 years of the sale.
3. The total amount is reinvested
3. If the owners are over 65 years. If the property is jointly-joined and only one of a couple is over 65 years the tax is charged at 50% in a joint declaration
I do believe this applies to any principle residence within the EU so what happens after Brexit no idea.
