Buy to Let Gibraltar

Hi Grumpy,

Instead of buying property to rent out in Gib after we sell our UK house, your interesting post made me check the Govt notice on
5 year Government Debentures paying 5% interest annually. Are these limited only to certified residents of Gibraltar, is there a residency limit eg 3 or 5 years?

thanks NIck.

Hi Nick

To the best of my knowledge they are available to residents only but I know of no time limits.

Grumpy

PS

Just read the application form again and it would apper that residency is not a requirement for the 3 & 5 year bonds but it is for the 10 year ones. :-

If you are not resident in Gibraltar, interest earned on your holding of debentures may be subject to either
withholding tax or exchange of information in accordance with the Taxation (Savings Income) Act 2004 and the
Income Tax (Savings Income) (United Kingdom) Regulations 2006

Hi Grumpy,

thanks for the very valuable info! You've made another grumpy old bloke very happy. Instead of buying property to rent out in Gib after we sell our UK house, your logic seems irrefutable, we buy 5 year Government Debentures paying 5% interest annually, tax free. Property might have a marginally higher return but as you say there are unforeseen costs - untenented periods, upkeep, maintenance, wear & tear, & of course the estate agents' letting fees. Sounds good! Incidently would you say a flat, lettable at £1k/mth would cost as much as £240k? Some of the flats whose details I saw, admittedly on DTRd, were well below that to buy, eg Wellington Crt & Northview Terr, both on the main Rd etc, but for others which were to be let, the asking price was usually £1k/mth. 


NIck.

Hi Nick

You are paying £1k per monthfor this type of flat

http://propertygibraltar.com/details/fo … 3_G/936/RS

The kitchen is the original tiling from 20 yrs ago.No photos of bathrooms???

So maybe a few extra expenditures, but you may get a bit knoced off.

Grumpy