Ex-pat laws

The “Modelo 720” form, is a basically a declaration of overseas assets for people living in Spain, that is to say, assets held outside of Spain.

All non-residents who own property in Spain are obliged to pay Non-Residents' Income Tax (IRNR) once a year.

On 31st December 2020 everything changed for the United Kingdom and its economic ties with the European Union. Brexit has left a series of drawbacks for the British and their ties with Spain, and among them is residential investment.

Unbeknownst to scores of foreign Spanish residents, there is a tax obligation to file tax form 720 if you own assets abroad in excess of 50,000 euros.

Unbeknownst to most non-residents, on buying property in Spain, you automatically become liable for a series of property-related taxes. No one will give you the heads up on them, so it is up to you to find out how much you owe and comply with the Spanish Tax Authorities.

If you are serious about buying a property in Spain, then as well as carefully searching for the right property, it is also highly important to do your research when it comes to getting a mortgage in Spain if you plan to ask for financing.

Although it is perfectly legal to include your Spanish assets in a will made in your home country, we strongly advise against it.

Spain’s increasing number of coronavirus cases and localised COVID-19 outbreaks, including local lockdowns in some cases, don’t just affect residents of the peninsula. What does Spain's increasing number of coronavirus cases mean for holidaymakers or visitors trying to return home?

The expat community in Spain is made up of 5.6 million foreign residents, according to the latest figures from the Spanish government.

In the aftermath of COVID-19, several families are struggling to make ends meet and pay their mortgage instalments.

COVID-19 has brought in its wake a host of nasty effects, both direct and indirectly. Directly, by infecting and killing hundreds of thousands of vulnerable people the world over, from all ages.

If you are an expat or foreigner living in Spain, getting your head around a different health system can be confusing and challenging compared to the system you are used to in your country of origin, and even more so if your Spanish isn’t up to scratch.