Buying villa with tourist licence through UK limited company

Member since 05 August 2023

emmarosehendersonMember05 August 2023 21:30:13

I'm looking at potentially buying a villa, small b&b or hotel in spain. I have limited company in the UK that I was wanted to use the business funds from that...can I do that and also what are the tax implications to keep my business running in the UK and start a new business in spain whilst residing in spain? Quite a multi layered question but any advice is welcome 🙏

See also

Buying property in Madrid - Guide
Tourist Guide in Spain - Business
Working remotely for UK company with golden visa - 5 Replies
Opening a BnB...tourist licence? - 1 Reply
Help! Selling house in UK, Buying in Spain. Confused. - 9 Replies
Tax for UK Limited Company - 10 Replies
Capital gains tax selling UK buying Spanish property - 3 Replies

RibeiraSacra Serial expat

Member since 20 June 2017

RibeiraSacraSerial expat06 August 2023 08:03:14

280

I do not really understand what you are trying to do.

If you live in Spain you have to pay taxes in Spain. If you reside in the Uk you pay your taxes there.

If you want to live in Spain you have to apply for a visa. What sort of visa are you applying for?

Are you thinking of purchasing the property in the name of the UK business?

Running a B&B remotly is imposble. Running a vacation let remotley is possible but you nedd to have to have local management for cleaning, maintenance and change over days. You would still be liable for taxes. Being non EU resident that will be at a higher rate.