Posted: Wed Sep 30, 2020 12:02am
Regarding ‘non residents’ in Spain come January 2021...
There is no magic plan to legally extend your stay more than 90 days in any 180, unless you become full time Spanish residents, along with everything that entails...and there is much to consider!
I believe Spain would like to make it easier for Brits to extend their stay beyond the 90 day restrictions, but I fear Brussels will object to any softening of the rules as the UK has the audacity to leave the union. This may well cause friction between Spain and the EU. However, we shall need to wait and see what transpires come January.
As a home owner in Menorca, I feel we must either comply with the 90 day rule (they seem to now be in a position to track entries into Spain via the passport scanning system) or take the huge step to be one full tax paying residents.
Having looked into this, I believe we would be financially worse off as Spanish residents, given the lower tax threshold vs UK and the taxation on global assets and all the complexities and costs of accountancy which goes along with that.
2021 will be interesting and may require us all (UK citizens) to be more cautious and prescriptive with what time we spend in the EU.