General info please 😊 - Page 2

Thanks Davenjules, for your reply. It sounds like monovar would suit us particularly with the fact bigger towns aren't far away. 

I'm thinking and trying to research some other areas to, as a few people have said how difficult the town hall in monovar can be. Open to suggestions 😊 

We are not going to be reliant on an Airbnb but would like the option to do it. Maybe buying a property with ready made annexe would make things easier? 

Obviously we can't do much other than  read up and research at the moment but its all good! 

Thanks again

Karon

Hi Karon

Probably looking for something with a ready made annexe would be easier, but whatever you do, you really must ensure that either it already has a Tourist Licence in existence or that the local Ajuntamiento is in agreement with your proposal.

If allegedly it already has one then you and your abogada need sight of it before agreeing to proceed, don’t just accept what is ‘said’; or you really must consult with the town hall.  You run the risk of serious fines etc etc if you don’t have this in cast iron and that would be a major disappointment, especially given the costs of buying and selling here.

I wish you all good luck with your idea - and you must have a totally independent abogado/a and not one tied in any way to the estate agent.

Thanks Stephanie,  

I take it that all this can be done after a viewing  and as part of the buying process? 

If we could do that it would be better, i know its probably not going to be very straight forward. I'm prepared for that I just don't want to not do it (move to Spain) as I really do think it will enhance my life. Sometimes you just have go for it.

I've been very grateful of everyone's input so thanks 😊 

Karon 

In principle, of course, yes. However, if your purchase is contingent upon the ability to let the ‘annexe’ or spare room or s/c flat etc, then it may be unwise to enter into a firm offer without having all the relevant information. Would you really want, half way through the process to discover that the ‘Licence’ which you had been told existed, didn’t, or had only been applied for and not yet granted? It would also be sensible to check with the Ajuntamiento if it doesn’t have a Licence, as to whether they would look favourably upon this proposal and also whether the accommodation meets current requirements for letting. There are minimum sizes for certain rooms - eg for bathrooms and unfortunately many people have fallen foul of this - and minimum standards and equipment requirements.

Certain areas are clamping down on ‘holiday lets’ for various reasons, ie that they feel there is too much available in the area to the detriment of existing hotel business; disturbance to neighbours etc. In the area where we live, which is way out in the back of beyond, there are several ‘let’ properties around and they all had to jump through endless hoops.

Follow up: you may also like to think about moving here and renting for a period to give you more time to become familiar with areas and to search for a property a little more calmly- its an awful lot to think about all at once from a distance!

Even more to think about Stephanie 🤔😊

I think that's a really good idea to rent somewhere and look into all these things whilst there. Its 90 days we could come for isnt it?  Before looking at residency.

Hopefully we can plan that for next year depending on what happens with covid.😊

This is great advice Stephanie - and I also like your thinking Karon re 'just do it / do something'. Come and see the area...well, as and when you can. We are not in lockdown apart from the curfew but travel across regional boundaries is out, so you couldn't go say to Jumilla or Yecla as they are in Murcia even if not very far away.

There are other pretty towns not far away - Sax is lovely, quant etc. for example.

Another thing to research (as if you don't have enough) is taxation and accounting. From what I read in Jim's guides a person would need to declare or account for their rental income monthly. There are accountants and they are good but it erodes your income of course.

Although Monover Town Hall are a little 'difficult', you can break through it - electronically via the electronic certificate and a good interpreter / facilitator who didn't charge very much tbh and was worth every penny.

DavenJules is absolutely correct to mention the requirements for tax professionals. You would have to register the letting business and hire a ‘gestor’ to make monthly returns. Quite what the implications are, I don’t know ,but suspect you may also be required to make social security contributiions.

From memory the tax on rental income for non residents is increasing to 23% after Brexit. This is required to be paid quarterly I believe. Tax for residents is lower and calculated on annual  income tax returns.

DaveBev might be along at some point to comment on my accuracy. 

Steve

I don't want to get old thinking I wished I'd done it! Lol.

Yes I had thought of that as if it is we manage to do a holiday rental that will a job/income. I also presume any income from the UK will need to be declared too.

I definitely want to make sure everything is all above board. I think by keeping g a rental back here in the UK at least if its not what we hoped it would be we can just come back. Fingers crossed that won't happen.