WITH so many beautiful, luxury properties available to buy in Marbella, it’s easy to see why you might be thinking of joining the estimated 320,000 expats who already live permanently in Spain.
With its crystal-clear sea, golden beaches, great food, laid-back lifestyle and friendly locals, Marbella has it all!
So, here is some helpful advice for those contemplating a move to marvellous Marbella.
Spain’s healthcare system has a wide array of both private and public services, all to a high standard.
Initially you will need to apply for a European Health Insurance Card (EHIC). This entitles UK residents to free primary healthcare (which is essentially emergency medical treatment). The EHIC card will cover you for the first three months of your stay (as long as you haven’t yet become a resident of Spain).
After this three-month period, you will either have to take out private health insurance, or if you plan to work, start paying into the local social security system (seguridad social). This will give you free access to health care from the public system.
As it stands, the UK still complies with EU rules. This means you do not currently require a visa to move to Spain.
You will need to apply for a residency (Tarjeta de Residencia) and a foreign identity number (Número de Identidad de Extranjero).
You must apply for both if you are planning on living in Spain for longer than three months.
As you are aware, in June 2016 the UK voted to leave the EU, the outcome of which is still unclear in regard to free movement of UK citizens within Europe.
However, it is probable that the UK will strike a deal with Spain to allow things to remain as they are although this is, as yet, undecided.
For the time being at least, British citizens do not require a visa to live in Spain.
Another consideration when buying a property in Spain is to check the cost of tax and legal fees. These costs can sometimes add an additional 6%-10% of the purchase price for luxury properties in Marbella or other locations in Spain.
This isn’t always the case, but it is definitely something worth checking out.
There may also be a discrepancy in the amount of tax for which you are liable. We suggest visiting the Spanish Tax Agency to find out how you might be affected.
If you are looking to sell your home in the UK to fund your move to Spain you should be prepared to pay Capital Gains Tax (CGT) on any profits you might have made.
You may even end up being taxed in both the UK and Spain. We suggest discussing this with a solicitor who specialises in Spanish property.
Considered to be generally of a high standard, Spanish State schools are free for your children to attend. All you need to do is register your children on the Padron/Empadronamiento, which can be found at your local town hall.
Please be aware that children in State schools will be taught in Spanish.
Should you prefer your children to be taught in English there are many British International schools from which to choose. These schools normally teach from the standard British curriculum, but can be expensive.
It may be that by purchasing a luxury property in Marbella you are investing the majority of your wealth in the property.
It would be wise to seek advice from a solicitor beforehand to ensure you can leave your assets to your family in the way that you wish.
We hope that this has been helpful advice for those considering a move abroad. Please contact us for more information on luxury properties in Marbella – and we very much look forward to you joining us in the sun sometime soon!