Posted: Sat Jul 11, 2020 8:06am
Hi Adam and welcome to the forum. Have a good read of this because it's not just a case of buying a property and putting out the advert!
Davebev1's guides: Renting out your property as a holiday let in Spain
You need to find yourself an independent abogado (solicitor) to advise you and never use the one recommended by the estate agent. The last thing you want is for the agent to convince you it will get a tourist licence only to buy a property and find out different.
Pre Covid, some areas were taking up to 18 months to provide the licence (if at all) and you can't even advertise until you have it but you will still have to be paying the bills and post Brexit I understand that you will not be able to claim much, if anything, in the way of expenses against your tax liabilities.
Your outgoings will be IBI (Council tax), standing charges for water and electric (high by UK standards), rubbish (minimal), internet, insurance, key holder and community fees (which very generally reflect the facilities available on the complex), non-resident tax and a tax advisor for quarterly returns.
In the meantime, after reading Dave and Bev's guide, click on the "Jim's Guides" tab at the top of the page which will give you all the other information you will need.