Leaving Spain ahead of Bexit

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crown22

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Our boat is on Mallorca full-time but am thinking of coming back to UK.Possible reasons being VAT Paid status still valid?Further fall in sterling?A less light touch from Guardia Civil re paperwork?Any thoughts or anecdotes?
 
Yes I agree with all your possibilities, however isn't it worth waiting to see first? We could have another two seasons before any of your fears happen and after all we can all sail away if we don't like it! Unlike property owners in Europe!
 
Seems a bit of an extreme reaction, probably best to wait and see what happens rather than go now. Unless of course you dont really want to stay regardless of what happens.

With regards to exchange rates , Sterling has been much lower than this just a few years ago.
 
If you are looking for the facts on Brexit, go to the Brexit section of the Lounge. Its the definitive word on the subject
 
Bouba said:
If you are looking for the facts on Brexit, go to the Brexit section of the Lounge. Its the definitive word on the subject
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Oh, you are a comedian - the only thing definitive about the Brexit forum is the insults - you don't get better anywhere!
 
seastoke said:
Just sold our house in Spain similar reasons mainly tax
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What taxes in particular?

There is so much misinformation being spread about. Just stepped inside from our Spanish terrace, fabulous sunny evening, absolutely no intention of selling because of Brexit, quite the opposite!
 
crown22 said:
Any thoughts or anecdotes?
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Not sure if this is more a thought or an anecdote, but if I were Brit, I would consider leaving the UK (or sell a boat/property/whatever north of the Channel), and move to Mallorca (or wherever in the Med) ahead of Brexit, rather than the other way round. :cool:
 
Forgot to mention the possibility that only yacht's owned by persons with Spanish or EU Nationality will be allowed to remain in Spanish waters for 365 days a year. Not sure how much travel insurance will cost after E111 no longer valid. Cannot imagine that yacht owners in the Mediterranean are high up the PMs priorities
 
MapisM said:
Not sure if this is more a thought or an anecdote, but if I were Brit, I would consider leaving the UK (or sell a boat/property/whatever north of the Channel), and move to Mallorca (or wherever in the Med) ahead of Brexit, rather than the other way round. :cool:
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I'd agree with that, the result of last June pushed us to make some pretty quick decisions - we now live full time in Portugal and we will wait and see what is to come...personally I'd rather pay my taxes and spend my money anywhere other than the UK now. And the sunshine isn't all that bad either.

We do need to decide where to register and pay VAT for the new boat that arrives in November but seeing as it will be delivered in France, live in Portugal and hopefully end up going much further than that; I'm inclined to register in FR....
 
Our eggs are in various baskets scattered in Europe and over the Uk inc London - to various degrees .
We are in the process of increasing our € property portfolio ,moving some sterling based assets into Italian vine yards /hazelnut farm(s) .Which we have identified as currerntly under valued .

We are based live in Switzerland which operates fine outside the euro zone .

The Uk will do the same --- eventually .There will be no hole opening up ,Uk PLC will carry on .

We find all this chaff re Brexit advantageous at the mo -it ,s damped down other Sterling buyers in our target market and the the agents are extra attentive .
Not bothered re Fx rates CHF /£/€ ------ any movement while man maths mentally devalues one ,in real terms the value of the assests in the other two rises , should you choise to sell and move them .
We can and do generate income in all three .
So we are "standing on " if anything turning slightly towards the € zone ( Italy ) agro-business .

Inbetween all this find time to boat !
 
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crown22 said:
Forgot to mention the possibility that only yacht's owned by persons with Spanish or EU Nationality will be allowed to remain in Spanish waters for 365 days a year. Not sure how much travel insurance will cost after E111 no longer valid. Cannot imagine that yacht owners in the Mediterranean are high up the PMs priorities
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All supposition.
Nobody knows what will happen.
 
longjohnsilver said:
Why would the Spanish want you to leave and spend your Euros or pesetas elsewhere?
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I thought the same just before I got hit by the Spanish matriculation tax in Majorca in 2009. Having said that, if I was the OP, I would definitely wait and see what happens first but be ready to move very quickly. When I heard rumours that the tax authorities who had levied the matriculation tax on boat owners in Majorca were considering imposing large fines and interest on top of the tax already paid, I paid a skipper to get my boat out of Majorca within days and take it to Italy and I havent been back to Majorca since. If there is one thing I really object to, it is countries taxing you for the privilege of spending your hard earned cash in their economies
 
Nigelpickin said:
I'd agree with that, the result of last June pushed us to make some pretty quick decisions - we now live full time in Portugal and we will wait and see what is to come...personally I'd rather pay my taxes and spend my money anywhere other than the UK now. And the sunshine isn't all that bad either.

We do need to decide where to register and pay VAT for the new boat that arrives in November but seeing as it will be delivered in France, live in Portugal and hopefully end up going much further than that; I'm inclined to register in FR....
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Don't. If it is a biggish boat.

There is an annual tax to pay for all boats registered in France which can be expensive if you have big (as in cubic centimetres) engines.

Check out Holland or Belgium and also consider creating a company to own the boat, so that the owner of the boat (i.e. the company) is always an EU resident.

Obviously for a small (<10m), low value boat (< 50K) this is probably over the top.
 
Deleted User said:
I thought the same just before I got hit by the Spanish matriculation tax in Majorca in 2009. Having said that, if I was the OP, I would definitely wait and see what happens first but be ready to move very quickly. When I heard rumours that the tax authorities who had levied the matriculation tax on boat owners in Majorca were considering imposing large fines and interest on top of the tax already paid, I paid a skipper to get my boat out of Majorca within days and take it to Italy and I havent been back to Majorca since. If there is one thing I really object to, it is countries taxing you for the privilege of spending your hard earned cash in their economies
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Hi Mike, I was waiting for this as I couldn't remember exactly what happened 8 years ago. I may be wrong but it seems the Spanish perhaps learnt from that rather stupid mistake that must have cost their economy a small fortune!
 
westernman said:
Don't. If it is a biggish boat.

There is an annual tax to pay for all boats registered in France which can be expensive if you have big (as in cubic centimetres) engines.

Check out Holland or Belgium and also consider creating a company to own the boat, so that the owner of the boat (i.e. the company) is always an EU resident.

Obviously for a small (<10m), low value boat (< 50K) this is probably over the top.
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We do need to take advice on that but the new boat is a 45' sailing cat with small engines. We are happy to pay the higher rate of 23% in PT given that we are now resident here; the main concern is registration of the vessel versus ease of movement around the med.

Not sure why the thread would need to be moved tho'
 
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