buying an apartment in spain

buying an apartment in spain

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Discussion

rdjohn

6,185 posts

195 months

Thursday 11th April
quotequote all
NLV has been subject to recent changes says the website. https://myspainvisa.com/non-lucrative-visa-spain/#...

To renew the non lucrative visa in Spain next year, it was previously obligatory to spend at least 183 days in Spain, since the last ruling, it is not necessary.

El Boletín Oficial del Estado (BOE) on the 5th march 2024 has published a ruling from the Tribunal Supremo which invalidates article 162-2.º-e) of the Real Decreto 557/2011 . This article stipulates that visa holders cannot stay outside of Spain for more than six months within a calendar year («e) Cuando se permanezca fuera de España durante más de seis meses en un periodo de un año»).

This mean that NLV holders would no longer risk losing their visa if they stay outside of Spain for more than six months within a year, provided that all other requirements are met.

Phil.

4,764 posts

250 months

Friday 12th April
quotequote all
rdjohn said:
NLV has been subject to recent changes says the website. https://myspainvisa.com/non-lucrative-visa-spain/#...

To renew the non lucrative visa in Spain next year, it was previously obligatory to spend at least 183 days in Spain, since the last ruling, it is not necessary.

El Boletín Oficial del Estado (BOE) on the 5th march 2024 has published a ruling from the Tribunal Supremo which invalidates article 162-2.º-e) of the Real Decreto 557/2011 . This article stipulates that visa holders cannot stay outside of Spain for more than six months within a calendar year («e) Cuando se permanezca fuera de España durante más de seis meses en un periodo de un año»).

This mean that NLV holders would no longer risk losing their visa if they stay outside of Spain for more than six months within a year, provided that all other requirements are met.
I assume that NVL holders would still pay their tax in Spain even if they were not resident for 183 days? In other words if you hold a NVL you pay tax in Spain whatever your movements?

GT03ROB

13,268 posts

221 months

Friday 12th April
quotequote all
Phil. said:
rdjohn said:
NLV has been subject to recent changes says the website. https://myspainvisa.com/non-lucrative-visa-spain/#...

To renew the non lucrative visa in Spain next year, it was previously obligatory to spend at least 183 days in Spain, since the last ruling, it is not necessary.

El Boletín Oficial del Estado (BOE) on the 5th march 2024 has published a ruling from the Tribunal Supremo which invalidates article 162-2.º-e) of the Real Decreto 557/2011 . This article stipulates that visa holders cannot stay outside of Spain for more than six months within a calendar year («e) Cuando se permanezca fuera de España durante más de seis meses en un periodo de un año»).

This mean that NLV holders would no longer risk losing their visa if they stay outside of Spain for more than six months within a year, provided that all other requirements are met.
I assume that NVL holders would still pay their tax in Spain even if they were not resident for 183 days? In other words if you hold a NVL you pay tax in Spain whatever your movements?
This is where I suspect it all can get a bit complicated!

Car bon

4,652 posts

64 months

Friday 12th April
quotequote all
rdjohn said:
NLV has been subject to recent changes says the website. https://myspainvisa.com/non-lucrative-visa-spain/#...
Thanks for that - I'd hear that a change was imminent, but not that it had actually happened. That opens Spain up as a possibility again smile

Phil. said:
I assume that NVL holders would still pay their tax in Spain even if they were not resident for 183 days? In other words if you hold a NVL you pay tax in Spain whatever your movements?
That would indeed be the interesting piece - In France there's a long stay visa that you can apply for annually and I tick the 3-6 month box. It does not require you to become a tax resident unless you stay more than 183 days and/or extend it. However, you can apply for a new one each year.

So I guess the question on the NLV is whether you can re-apply annually - or whether they have truly waived the 183 day requirement. They might still require tax residence for a renewal - so agree, that's the key question.

I'm likely going to go the full tax residency route anyway at some point now I've retired - we just need to make a decision & get organised.

Edited by Car bon on Friday 12th April 07:37

JEA1K

2,504 posts

223 months

Friday 12th April
quotequote all
GT03ROB said:
Regarding DNV leading to permanent residency.... my understanding was the requirements were similar to through a NLV. So you need to be there 5 years, with no more than 10 months outside Spain in that period & no period outside to exceed 6 months.
Car bon said:
JEA1K said:
So, what you're saying is that we could apply for resident status during our DNV period (subject to meeting the criteria) and then buy a property of any price on the basis that we are Spanish residents for tax purposes?
Close, there's still a timeframe/process - you keep renewing the DNV for 5 years. DNV might be withdrawn in the future, but generally that's only for new applicants & as long as you renew, would be OK.

Gives you more flexibility on property - but the down side is you need to be properly committed to Spain, but sounds like you are.
Thanks both. We need to adjust our financial plans in that case as being on the DNV for 5 years minimum means no setting up the business until we're residents. I may well have got used to not working by thensmile



Car bon

4,652 posts

64 months

Friday 12th April
quotequote all
JEA1K said:
Thanks both. We need to adjust our financial plans in that case as being on the DNV for 5 years minimum means no setting up the business until we're residents. I may well have got used to not working by thensmile
Take some proper advice. The web page above seems like a good resource.

There seem to be multiple options / routes to achieve what you want. For example, some people take a NLV for a year, use that time to establish everything & then once established, convert to a different visa type. It's point 4 on this page - https://myspainvisa.com/renew-non-lucrative-visa-s...

GT03ROB

13,268 posts

221 months

Friday 12th April
quotequote all
JEA1K said:
Thanks both. We need to adjust our financial plans in that case as being on the DNV for 5 years minimum means no setting up the business until we're residents. I may well have got used to not working by thensmile
Depending what you are looking to do there is also whats known as an autonomo, which is different to a DNV. Think of it as a self employment/sole trader visa.

.

rdjohn

6,185 posts

195 months

Friday 12th April
quotequote all
GT03ROB said:
Phil. said:
rdjohn said:
NLV has been subject to recent changes says the website. https://myspainvisa.com/non-lucrative-visa-spain/#...

To renew the non lucrative visa in Spain next year, it was previously obligatory to spend at least 183 days in Spain, since the last ruling, it is not necessary.

El Boletín Oficial del Estado (BOE) on the 5th march 2024 has published a ruling from the Tribunal Supremo which invalidates article 162-2.º-e) of the Real Decreto 557/2011 . This article stipulates that visa holders cannot stay outside of Spain for more than six months within a calendar year («e) Cuando se permanezca fuera de España durante más de seis meses en un periodo de un año»).

This mean that NLV holders would no longer risk losing their visa if they stay outside of Spain for more than six months within a year, provided that all other requirements are met.
I assume that NVL holders would still pay their tax in Spain even if they were not resident for 183 days? In other words if you hold a NVL you pay tax in Spain whatever your movements?
This is where I suspect it all can get a bit complicated!
My lawyer is already on notice. At the moment it looks like our golden visas might be extended for 8-years - 2031. But a NLV where we were not tax resident would be best.

JEA1K

2,504 posts

223 months

Friday 12th April
quotequote all
Again, thanks both, really appreciate the info.

I'm on it!;)

lord fossil

20 posts

119 months

Friday 12th April
quotequote all
Hi all
Looking at applying for an NLV to be able to spend more time in our holiday home in Majorca. Has anyone applied for an NLV without using a lawyer or is that a stupid idea? Thanks
P.S echo the recent comments about Banco Sabadell - excellent service and superb app

Car bon

4,652 posts

64 months

Friday 12th April
quotequote all
lord fossil said:
Looking at applying for an NLV to be able to spend more time in our holiday home in Majorca. Has anyone applied for an NLV without using a lawyer or is that a stupid idea?
I haven't but it looks quite straightforward, so depends how much time you have on your hands, I'd give it a go.

The requirements seem clearly laid out, but a specialist lawyer would know where to get everything from & would probably do it more quickly.

https://www.exteriores.gob.es/Consulados/londres/e...

It even states - "Rectifying the application: The Consular Office may ask the applicant to submit any missing documents, or to provide additional documents or data that are necessary for a decision regarding the application. The applicant may also be called in for a personal interview." - so sounds like they'd help even if you were not 100% perfect in the first instance.

Phil.

4,764 posts

250 months

Friday 12th April
quotequote all
Car bon said:
I'm likely going to go the full tax residency route anyway at some point now I've retired - we just need to make a decision & get organised.

Edited by Car bon on Friday 12th April 07:37
Best check out the wealth tax implications based on the region you intend to move to and include your pension in the calculations.

Car bon

4,652 posts

64 months

Friday 12th April
quotequote all
Phil. said:
Best check out the wealth tax implications based on the region you intend to move to and include your pension in the calculations.
Quite chunky isn't it - I've been back looking into it today & it's fair to say that I'm rapidly going off the idea.

So I'm also in the boat of an NLV without tax residency, or I don't bother. France let me have a long stay tourist visa for 6 months, but appears Spain don't have tourism as a valid option.

Rushjob

1,853 posts

258 months

Saturday 13th April
quotequote all
GT03ROB said:
Phil. said:
rdjohn said:
NLV has been subject to recent changes says the website. https://myspainvisa.com/non-lucrative-visa-spain/#...

To renew the non lucrative visa in Spain next year, it was previously obligatory to spend at least 183 days in Spain, since the last ruling, it is not necessary.

El Boletín Oficial del Estado (BOE) on the 5th march 2024 has published a ruling from the Tribunal Supremo which invalidates article 162-2.º-e) of the Real Decreto 557/2011 . This article stipulates that visa holders cannot stay outside of Spain for more than six months within a calendar year («e) Cuando se permanezca fuera de España durante más de seis meses en un periodo de un año»).

This mean that NLV holders would no longer risk losing their visa if they stay outside of Spain for more than six months within a year, provided that all other requirements are met.
I assume that NVL holders would still pay their tax in Spain even if they were not resident for 183 days? In other words if you hold a NVL you pay tax in Spain whatever your movements?
This is where I suspect it all can get a bit complicated!
There is a caveat in this amendment that some of the news organisations have missed. Whilst everything quoted is true, if you wish to apply for permanent residence at the end of 5 years of temporary residence, then you remain constrained by the "no more than 10 months over 5 years / no more than 6 months in one year" rule. You won't lose your visa, but your application for permanent residence will be delayed until you can show you've complied with the time in Spain under the original rules. You'll just have to keep renewing your temp residence under the NLV rules.