Go Back  British Expats > Living & Moving Abroad > Europe > Spain
Reload this Page >

Retiring to Spain

Retiring to Spain

Old Mar 11th 2019, 3:31 pm
  #1  
Just Joined
Thread Starter
 
Joined: Mar 2019
Location: Milton Keynes
Posts: 6
Phil080 is an unknown quantity at this point
Default Retiring to Spain

Hi, just joined this forum and me and my wife are looking at moving to Spain early next year, we will have lots of questions to ask and fingers crossed you will be able to help us.
Phil080 is offline  
Old Mar 11th 2019, 4:44 pm
  #2  
Started off with nothing
 
missile's Avatar
 
Joined: Feb 2009
Posts: 4,870
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: Retiring to Spain

Welcome to the forum
missile is offline  
Old Mar 11th 2019, 8:40 pm
  #3  
BE Forum Addict
 
tebo53's Avatar
 
Joined: Feb 2013
Location: Benidorm, but In a world of my own....I'm told!
Posts: 1,009
tebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond repute
Default Re: Retiring to Spain

Originally Posted by Phil080 View Post
Hi, just joined this forum and me and my wife are looking at moving to Spain early next year, we will have lots of questions to ask and fingers crossed you will be able to help us.
welcome, and which area would you like to retire to?
Renting or buying ?

Last edited by tebo53; Mar 11th 2019 at 8:42 pm.
tebo53 is offline  
Old Mar 11th 2019, 8:58 pm
  #4  
Just Joined
Thread Starter
 
Joined: Mar 2019
Location: Milton Keynes
Posts: 6
Phil080 is an unknown quantity at this point
Default Re: Retiring to Spain

Originally Posted by tebo53 View Post
welcome, and which area would you like to retire to?
Renting or buying ?
We will be renting. We are not sure where at the moment, going over to Murcia in June to have a look round but the wife is now thinking of Costa Del Sol area ish
Phil080 is offline  
Old Mar 13th 2019, 8:33 am
  #5  
Forum Regular
 
Joined: Feb 2011
Posts: 264
Leper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond reputeLeper has a reputation beyond repute
Default Re: Retiring to Spain

We know you're renting (possibly buying later), but whether or which you are about to make one of the most important decisions of your life and those around you. If like most you haven't won the Lottery or correctly answered the penultimate question on Who Wants to be a Millionaire? There are some thoughts to make the whole process favourable.

1. Don't burn your boats. Keep your property in the UK and rent it out if you want to finance your reign in Spain. You should have plenty left to live on without affecting your life savings.Your retreat if necessary is open and friendly.
2. If you intend buying property even years later ensure you like the area in which the property is. If you wish to narrow it down to a particular district, then do so; you might even choose a particular road or even which side of the road. Rent there. Walk the road every day. Talk, listen, feel. Don't make a decision too quickly. Wait weeks.

There are more points, but in importance they differ from person to person. Do it once, do it right!
Leper is offline  
Old Mar 17th 2019, 9:24 am
  #6  
BE Enthusiast
 
Joined: Aug 2009
Location: now just seville ( province)
Posts: 545
teuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond reputeteuchterpete has a reputation beyond repute
Default Re: Retiring to Spain

After a holiday in Almeria we fell in love with Andalucia and its people. We sold our house in Scotland ( had a bad experience renting it out as it was trashed , and then other tennents moved out owing a lot of rent ) so we came down here in 2008 spent two weeks looking at properties ( after a year of research and discusions, we made a database and had a tight schedule of meetings and viewings with lots of agents and private sellers) put in an offer and bought a property, and we have never regretted retiring here for one minute.
Pete
teuchterpete is offline  
Old Mar 17th 2019, 10:01 pm
  #7  
Forum Regular
 
Joined: May 2017
Posts: 256
cermignano is an unknown quantity at this point
Default Re: Retiring to Spain

Good for you Pete.
cermignano is offline  
Old Mar 18th 2019, 7:04 pm
  #8  
BE Enthusiast
 
Joined: Feb 2009
Posts: 482
frigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud offrigilianafreddy has much to be proud of
Default Re: Retiring to Spain

Tax, Tax, Tax!

If you have any ISA assets and a decent income spain is a horrid, high tax country. Appalling! Personal allowance - negligible, IHT - Urgh, Capital Gains - Argh.

Spend your time 50%/50% instead. It would cost us £40,000 a year to live in spain - forget it. Or rent and dont declare residency - unless the neighbours shop you. Actually the incompetence of AEAT means you run few risks.

This is a high tax country. Portugal is a dream OTOH for expats. May Spain sometime see sense...
frigilianafreddy is offline  
Old Mar 18th 2019, 8:39 pm
  #9  
BE Forum Addict
 
tebo53's Avatar
 
Joined: Feb 2013
Location: Benidorm, but In a world of my own....I'm told!
Posts: 1,009
tebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond reputetebo53 has a reputation beyond repute
Default Re: Retiring to Spain

Originally Posted by frigilianafreddy View Post
Tax, Tax, Tax!

If you have any ISA assets and a decent income spain is a horrid, high tax country. Appalling! Personal allowance - negligible, IHT - Urgh, Capital Gains - Argh.

Spend your time 50%/50% instead. It would cost us £40,000 a year to live in spain - forget it. Or rent and dont declare residency - unless the neighbours shop you. Actually the incompetence of AEAT means you run few risks.

This is a high tax country. Portugal is a dream OTOH for expats. May Spain sometime see sense...
Absolute nonsense!!!
tebo53 is offline  
Old Mar 19th 2019, 12:21 pm
  #10  
Forum Regular
 
Joined: Dec 2015
Posts: 86
Bigmomma1 is an unknown quantity at this point
Default Re: Retiring to Spain

Not sure why you would think that you need £40k a year, unless you have a mega mansion and live a really lavish lifestyle. We have a very comfortable 2 bedroom/2 bathroom apartment on a secure residential complex, 15 minute walk from blue flag beaches, Marina and a further 20 minute walk from a lovely Spanish Coastal town. Does not cost us any more than €6,000 a year to cover our apartment costs. Obviously on top of that there are everyday costs, Groceries, Fuel for the car and then personal spending but we have a very enjoyable lifestyle.
Bigmomma1 is offline  
Old Mar 19th 2019, 2:43 pm
  #11  
BE Enthusiast
 
Joined: Jun 2017
Location: Alicante
Posts: 701
Notdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond reputeNotdunroamin has a reputation beyond repute
Default Re: Retiring to Spain

Similar here, housing and utilities cost us around €6500 PA with food and car and optional spending etc. on top.

€40k is patent nonsense and someone clearly has a major downer on Spain or is simply talking out of their derrier with nothing to back up their ridiculous claim.

​​​​
Notdunroamin is offline  
Old Mar 19th 2019, 3:00 pm
  #12  
Forum Regular
 
Joined: Dec 2015
Posts: 86
Bigmomma1 is an unknown quantity at this point
Default Re: Retiring to Spain

However, if someone were to gift me £40k a year I feel confident that I could spend it quite easily
Bigmomma1 is offline  
Old Mar 19th 2019, 3:13 pm
  #13  
Lost in BE Cyberspace
 
Joined: Feb 2013
Posts: 5,255
Moses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond repute
Default Re: Retiring to Spain

Originally Posted by Notdunroamin View Post
Similar here, housing and utilities cost us around €6500 PA with food and car and optional spending etc. on top.

€40k is patent nonsense and someone clearly has a major downer on Spain or is simply talking out of their derrier with nothing to back up their ridiculous claim.

​​​​
In all fairness he probably meant they'd be losing 40K a year compared to another location, which could be correct depending on personal circumstances.
Moses2013 is offline  
Old Mar 21st 2019, 11:27 am
  #14  
Forum Regular
 
Joined: Jan 2008
Location: Dorset, UK
Posts: 178
Devonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really niceDevonfamily is just really nice
Default Re: Retiring to Spain

Hi there,

You mention about "Spend you time 50%/50% - and "rent and dont declare residency". How does this work if one buys a Static Caravan on a site and split their time between UK and their static Caravan in Spain?

We are planning ahead now for our Retirement in 15 years time or so and seriously thinking of selling up our family home here in the UK - buying a Static Caravan in a Residential Park in the UK and the same in Spain. This will still be cheaper than owning a house in the UK - to have two seperate statics in either country. What are the legailities? Can you just do this?

Any advice greatly appreciated.
Devonfamily is offline  
Old Mar 21st 2019, 12:23 pm
  #15  
Forum Regular
 
Joined: Aug 2018
Posts: 182
1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute1sexsmith has a reputation beyond repute
Default Re: Retiring to Spain

I imagine you are aware that we are leaving Europe and therefore will be non EU folk. This means we will no longer be free to move and live in Europe. At least not unless you have oodles of spare cash in which case I doubt you would want to live in a caravan
1sexsmith is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.