Join the Albox forum
My name's Alex and this is my website all about Albox in Spain. Register now for free to talk about Brexit and the EU: living, holidaying and moving to Albox and much more!
Hi as im looking to purchase a property to live in and the rules for how long you can use it for holiday purposes (90 days out of 180). If stay over you become liable for tax.
In a year how long can you use it for holiday purposes.
If you stay 90 days do you return home for 90 days then you can have another 90 days and then return home for 90 days so you can use it for 180 days in total in a year?? Is this about right
Posted: Wed Sep 8, 2021 6:48am
Legendary helpful member
Vera wrote on Tue Sep 7, 2021 2:18pm:
Hi as im looking to purchase a property to live in and the rules for how long you can use it for holiday purposes (90 days out of 180). If stay over you become liable for tax.
In a year how long can you use it for holiday purposes.
Read more...
If you stay 90 days do you return home for 90 days then you can have another 90 days and then return home for 90 days so you can use it for 180 days in total in a year?? Is this about right
You can spend 90 days in any 180 day rolling period, so yes, if you spend 90 days here, you must then leave the Schengen for an equal period, i.e. 90 days before you can return. You will not reach the required amount of time (183 days), to be considered tax resident as the maximum amount of time you can spend here in any tax year is 180 days. You will of course be liable for non-residents tax on bank accounts etc (24%)
DarioMartin wrote on Wed Sep 8, 2021 6:48am:
You can spend 90 days in any 180 day rolling period, so yes, if you spend 90 days here, you must then leave the Schengen for an equal period, i.e. 90 days before you can return. You will not reach the required amount of time (183 days), to be considered tax resident as the maximum amount of...
Read more...
... time you can spend here in any tax year is 180 days. You will of course be liable for non-residents tax on bank accounts etc (24%)
Hi&thank you. How do they work out the tax?? Is it paid yearly on your savings etc. No clue
Posted: Wed Sep 8, 2021 7:23am
Legendary helpful member
Vera wrote on Wed Sep 8, 2021 7:03am:
Hi&thank you. How do they work out the tax?? Is it paid yearly on your savings etc. No clue
I think yearly, yes, but I stand to correction - is there perhaps reading this thread another non-resident can advise how frequently non-residents tax is taken, and what you are taxed on??
Advertisement - posts continue below
DarioMartin wrote on Wed Sep 8, 2021 7:23am:
I think yearly, yes, but I stand to correction - is there perhaps reading this thread another non-resident can advise how frequently non-residents tax is taken, and what you are taxed on??
Hi&thank you. I want to buy to rel-locate but then i though maybe use it as holiday home for first year then apply for residency but will depend now on how much tax they will takeðŸ˜
Posted: Wed Sep 8, 2021 8:25am
Helpful member
Vera wrote on Wed Sep 8, 2021 7:28am:
Hi&thank you. I want to buy to rel-locate but then i though maybe use it as holiday home for first year then apply for residency but will depend now on how much tax they will takeðŸ˜
Hi. As a non- resident you pay annual tax on the property you own in Spain.
To become a resident you will probably be looking at a Non Lucrative visa ( you apply in UK and have to prove you've got sufficient funds, health insurance etc). If you can get this and become resident, Spain will tax you on all global assets no matter where they are. So that would include UK pensions, income from investments, property anywhere in the world, and anything liquidated including parts of pension pots, so don't take becoming a resident lightly!
Juliet Diaz wrote on Wed Sep 8, 2021 8:25am:
Hi. As a non- resident you pay annual tax on the property you own in Spain.
To become a resident you will probably be looking at a Non Lucrative visa ( you apply in UK and have to prove you've got sufficient funds, health insurance etc). If you can get this and become resident, Spain will tax you on all global assets no matter where they are. So that would include UK pen...
Read more...
...sions, income from investments, property anywhere in the world, and anything liquidated including parts of pension pots, so don't take becoming a resident lightly!
Hi thank you. I will be getting EU passport so wont need NLV. Need to get proper tax advise
Find more Brexit and the EU topics from a particular area:
Or view all Brexit and the EU topics in all of Costa de Almería.
