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Gary wrote on Mon Mar 21, 2022 11:04am:
It's very complicated we are in Pb now looking To buy
Good luck are you moving permanently?
Posted: Tue Mar 22, 2022 11:05am
Posted: Tue Mar 22, 2022 11:20am
No
If it was easier to get visa/nie then yes
The way we see it is there's too much money wrapped up in a villa that we won't hardly use
So we might just rent a villa/apartment 3 months at a time
Posted: Tue Mar 22, 2022 6:30pm
Hi There,
It's is allowed under the NLV.
Speak to clarity consulting Lanzarote and Steph will guide you.
Be careful with CGT you will need to sell when UK tax resident therefore move after 183 days
Steve
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Posted: Tue Mar 22, 2022 6:38pm
Gozo4860 wrote on Tue Mar 22, 2022 6:30pm:
Hi There,
It's is allowed under the NLV.
Read more...
Speak to clarity consulting Lanzarote and Steph will guide you.
Be careful with CGT you will need to sell when UK tax resident therefore move after 183 days
Steve
Thanks for the information re CGT I can see how I could get caught out! Rental income is classed as passive income apparently. I have to double check everything. Cha
Posted: Sun Mar 27, 2022 4:08pm
Good luck in your search we have decided not to buy
It's the 30% tax you have to pay when selling
It's cheaper for us to rent 180 days
Posted: Sun Mar 27, 2022 4:34pm
Gary wrote on Sun Mar 27, 2022 4:08pm:
Good luck in your search we have decided not to buy
It's the 30% tax you have to pay when selling
Read more...
It's cheaper for us to rent 180 days
I don’t blame you if you have the choice! For me it’s all or nothing and at my age I expect to live out my days there if I go. Still lots to find out. Cha
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