From a taxation point of view, is it not simpler to be NON-resident in Spain than resident?
I refer to the mandatory requirements for all Spanish residents to declare most of their holdings in, say, the UK. A resident owning say a £70,000 terraced house in , say, Hartlepool, would be obliged to declare this wealth to the Spanish authorities, if I understand correctly.
For simplicity’s sake, I wonder if it is not best for retirees to Spain to:
- Be non-resident
- To rent rather than buy
Your thoughts?
seumusin