How does Brexit affect British residents in Spain?[:es]How does Brexit affect British residents in Spain?
The arrival of Brexit brought with it a number of changes that British residents need to get familiar with when enjoying their second homes in Spain. Find out everything about it.
Brexit has brought a lot of changes for more than 300,000 British residents living in Spain, who have to adapt to the new legislation and requirements for living in the country and owning property there.
Great Britain’s exit from the European Union has generated quite a lot of confusion and uncertainty among its citizens, especially those living and owning property in Spain.
Some of the most common questions among British people who want to come live in Spain are related to important areas like obtaining legal residency in the country, how long their driving license is valid in Spain, or what the total amount and type of property taxes that are now due in the sunny country since Brexit took effect.
What type of limitations has Brexit brought for thousands of British residents in Spain? At Vivla, we want to offer some relevant information regarding changes that now apply to property laws and tax requirements, so that you can better understand the legal process of buying a home in Spain, and you can do so in a safe manner, with absolute peace of mind.
What type of new laws are there after Brexit?
In order to know the full scope on how new Spanish immigration laws affect British population it is important to understand the current situation and gain a deeper understanding of the concept of Brexit.
Brexit is an agreement that was reached between Great Britain and the European Union in order to negotiate and regulate its exit. It contains rules and conditions that apply for Great Britain to exit Europe’s legal framework and act independently.
Great Britain officially announced it was no longer a member of the European Union on January 1st 2021. That meant some important legal changes to its many citizens who live abroad.
Even though property rights are not necessarily linked to residency status, it is true that there have been some modifications that directly affect British property owners in Spain.
How do these changes apply to British citizens living in Spain?
After Brexit, numerous British residents who own a home in Spain have witnessed an increase in property taxes. Great Britain is now in a list of countries that don’t share a common European Economic space. As a consequence, many of its citizens have become residents of a non-member country when it comes to Spanish tax laws. This means a change in the amount of capital gain tax applied, with an increase from 19% to 24% for British citizens, in addition to the elimination of common deductions such as repairs, IBI, and CC&Rs fees.
If you are a citizen of Great Britain and you own property on Spanish soil you should know that since 2021 the amount of taxes you need to pay is higher in comparison to a few years ago.
Residency requirements for British citizens who own a Spanish home
If there is something that especially worries British citizens is how long they can live in their second homes on Spanish territory. Residency requirements in Spain have been modified, and this change affects more than 300,000 British people who typically live in Spain. The maximum amount of time you can stay in the country without being a legal resident is 90 consecutive days within a 180 day period. This law is the same for all countries that are Schengen members.
After those 90 days, citizens are not allowed to stay on Spanish soil any longer, and have to go back to their home countries.
There are currently some new laws that are being considered by the Spanish government for British people owning property in Spain. Some of those changes include creating new visas or special regulations that will allow them to reside in the country for longer periods of time, such as owning a new type of residence card.
These new requirements or laws might mean a new situation to deal with for British citizens who wish to come enjoy sunny Spain, but it doesn’t mean you cannot enjoy its tasty food, glorious weather, non-stop sun and spectacular villas.
When you purchase a house with Vivla, our experienced local legal team takes care of the complete legal process and offers ongoing consultation and personalized, expert legal advice, so you don’t have to deal with any bureaucratic hassle. You can keep enjoying your place in the sun as you always did, and the exclusive lifestyle that comes with it.
[:es]
The arrival of Brexit brought with it a number of changes that British residents need to get familiar with when enjoying their second homes in Spain. Find out everything about it.
Brexit has brought a lot of changes for more than 300,000 British residents living in Spain, who have to adapt to the new legislation and requirements for living in the country and owning property there.
Great Britain’s exit from the European Union has generated quite a lot of confusion and uncertainty among its citizens, especially those living and owning property in Spain.
Some of the most common questions among British people who want to come live in Spain are related to important areas like obtaining legal residency in the country, how long their driving license is valid in Spain, or what the total amount and type of property taxes that are now due in the sunny country since Brexit took effect.
What type of limitations has Brexit brought for thousands of British residents in Spain? At Vivla, we want to offer some relevant information regarding changes that now apply to property laws and tax requirements, so that you can better understand the legal process of buying a home in Spain, and you can do so in a safe manner, with absolute peace of mind.
What type of new laws are there after Brexit?
In order to know the full scope on how new Spanish immigration laws affect British population it is important to understand the current situation and gain a deeper understanding of the concept of Brexit.
Brexit is an agreement that was reached between Great Britain and the European Union in order to negotiate and regulate its exit. It contains rules and conditions that apply for Great Britain to exit Europe’s legal framework and act independently.
Great Britain officially announced it was no longer a member of the European Union on January 1st 2021. That meant some important legal changes to its many citizens who live abroad.
Even though property rights are not necessarily linked to residency status, it is true that there have been some modifications that directly affect British property owners in Spain.
How do these changes apply to British citizens living in Spain?
After Brexit, numerous British residents who own a home in Spain have witnessed an increase in property taxes. Great Britain is now in a list of countries that don’t share a common European Economic space. As a consequence, many of its citizens have become residents of a non-member country when it comes to Spanish tax laws. This means a change in the amount of capital gain tax applied, with an increase from 19% to 24% for British citizens, in addition to the elimination of common deductions such as repairs, IBI, and CC&Rs fees.
If you are a citizen of Great Britain and you own property on Spanish soil you should know that since 2021 the amount of taxes you need to pay is higher in comparison to a few years ago.
Residency requirements for British citizens who own a Spanish home
If there is something that especially worries British citizens is how long they can live in their second homes on Spanish territory. Residency requirements in Spain have been modified, and this change affects more than 300,000 British people who typically live in Spain. The maximum amount of time you can stay in the country without being a legal resident is 90 consecutive days within a 180 day period. This law is the same for all countries that are Schengen members.
After those 90 days, citizens are not allowed to stay on Spanish soil any longer, and have to go back to their home countries.
There are currently some new laws that are being considered by the Spanish government for British people owning property in Spain. Some of those changes include creating new visas or special regulations that will allow them to reside in the country for longer periods of time, such as owning a new type of residence card.
These new requirements or laws might mean a new situation to deal with for British citizens who wish to come enjoy sunny Spain, but it doesn’t mean you cannot enjoy its tasty food, glorious weather, non-stop sun and spectacular villas.
When you purchase a house with Vivla, our experienced local legal team takes care of the complete legal process and offers ongoing consultation and personalized, expert legal advice, so you don’t have to deal with any bureaucratic hassle. You can keep enjoying your place in the sun as you always did, and the exclusive lifestyle that comes with it.