No matter how much we prepare our children and ourselves, starting school is quite a traumatic experience. For the child it is the chance to be the big boy or girl, to meet new friends and learn numbers and letters. But it’s also the scary big building that keeps them separate from mummy and daddy for more hours than they can count. For mummy and daddy it’s the end of their reign over the child’s world. Now they must jostle with Miss and Pablo/Peter for attention. A whole new experience that they’re not part of. It’s even more worrying when it involves speaking in a different language and entering into a system with which you’re not familiar. You can’t rely on neighbours to let you know … [Read more...] about Starting up and settling in at school in Spain
Expats
Pound to euro rate rises on ECB loan scheme
In particular, the Long Term Refinancing Operation by the European Central Bank has stoked concerns European banks might be close to collapse, while unemployment on the continent continues to climb. The European Central Bank initiated its second loan scheme this week, called the Long Term Refinancing Operation (LTRO.) The scheme is intended to provide European banks unlimited loans for three years at just 1.00%, and since round one in December has been widely credited with preventing a credit crunch in Europe. In the event this second round proved more popular than the first, with 800 banks borrowing €529.5 billion. On the one hand this is testament to the willingness of the ECB to … [Read more...] about Pound to euro rate rises on ECB loan scheme
Proving you’re a fiscal resident in Spain
Civil residency (the green residency certificate) is, in fact, pretty useless when it comes to financial matters. For example, when there’s capital gains or inheritance tax due. If you can’t prove you are a fiscal resident then you can end up paying non-resident taxes and there are big differences between the two. For example, if you are a married couple with a house valued at €94,000 and have both names on the deed when one of you dies. If the remaining spouse can’t prove fiscal residency then they will be charged €2,375 in inheritance tax. If they can prove fiscal residency then the tax is zero. To be exempt from inheritance tax as a fiscal resident you have to have lived in Spain … [Read more...] about Proving you’re a fiscal resident in Spain
Kitting the kids out for school in Spain
Waiting at the school reception I hear English voices. They want to know what they should bring to school for their three-year-old daughter and they’re trying to explain how difficult it is for their nine year old to complete four pages of Spanish homework when she doesn’t speak Spanish. It’s a bewildering experience for parents and children alike and there is so much room for misunderstanding. In this case the school administrator, who speaks English, is sympathetic, listens patiently and is very helpful. But that isn’t always the case. It occurs to me how useful it would be just to have some basic introductory information for parents of English pupils just to help them get started. Not … [Read more...] about Kitting the kids out for school in Spain
Is Spain set to follow Greece?
Even without fully grasping the situation in Greece right now, it’s difficult to read the list of austerity measures being imposed on it without feeling shocked. Public workers like teachers must return wages, because the debt deal is backdated to November. The government must cut €300m from public pensions, leaving people in and approaching retirement destitute. Greece must auction its €110 billion gold reserves in the event it fails to meet targets, removing the absolute last means of funding itself when all others are exhausted. For its pains, in all likelihood Greece will be forced to return to Brussels in 12 months to request more funds, because these same demands are pushing it … [Read more...] about Is Spain set to follow Greece?
Renewing a UK passport in Spain
There are four ways in which you can renew your passport: • Send the form off yourself from Spain • Go to Madrid • Return to the UK to obtain your new passport • Or use a service like ‘Check and Send’ Completing the form If you choose to process your application yourself you need to allocate plenty of time and read through the instructions very carefully. The passport photo is a particular hurdle to negotiate. The guidelines for this have become tighter and it must: • Have a cream or pale grey background • A neutral expression – no smiling! • Be printed on high quality photographic paper • Have a clear view of your face – no stray hairs You need to obtain a counter-signatory … [Read more...] about Renewing a UK passport in Spain
Starting children in Spanish schools: the big decisions
I had thought it strange that his nursery contained very few older children - in fact Joseph looked to be almost the eldest. Now I understood why. Although it seemed to be only five minutes since he was born, he could officially be starting his school career in September at only three years old. But was he and was I ready? Parenting involves a constant round of decision-making, sometimes with a minimum of information. Choosing schools and, in this case, when to start, is perhaps one of the biggest. I knew that his nursery would not interest him for very much longer. He's a lively boy who is not at his best when he's bored (as our neighbours will vouch for) and he needs the stimulus and … [Read more...] about Starting children in Spanish schools: the big decisions
Euro stumbles as Greece ups its brinkmanship
On Wednesday, Greek Finance Minister Evangelos Venizelos accused German Finance Minister Wolfgang Schaeuble of more or less plotting to push Greece out of the euro, while Schaeuble in turn said he is tired of dumping money into a black hole. This has delayed the dispatch of the second Greek bailout, bringing Greece closer to the March deadline before it defaults. For me, the dispute raises an interesting point about who is to blame per se for this continuing Greece debacle. Reading around, it seems to me the EU is getting a bad rep here, with Germany especially being painted as a dictatorial monster. Is this the case? I mean - I concede that the EU is a bureaucratic nightmare, but is … [Read more...] about Euro stumbles as Greece ups its brinkmanship
Calculating complimentary tax on Spanish property
Of course, more research might have unearthed the possibility of this tax. But many purchasers expect the information to be given to them. Unfortunately, those keen to sell property are not always as keen to inform you of the taxes you can expect to pay. Ironically, this lack of transparency is one of the reasons so many possible purchasers are anxious about buying in the first place. However, complimentary tax need not be a skeleton in the closet, provided you prepare for it. This tax, levied on purchases up to five years after the purchase date, consists of 7% of the difference between what you declared you paid and what the Tax Authority claim it is worth. Plus interest, of course. It … [Read more...] about Calculating complimentary tax on Spanish property
Expat kids in Spanish schools: The best days of their lives?
'The education of foreign students in the province of Alicante,' a report by the University of Alicante for Asti-Alicante, an educational charity, is an extensive piece of research that paints to a very sorry picture of the experiences of some British students in Spanish state schools. The report found that British students often segregate themselves, become involved in gangs and refuse to subscribe to the Spanish system. Eventually they drop out, choosing absenteeism as an option in their later secondary years. The problems, the researchers noted, were most acute in schools with high proportions of English students with disruptive behaviour causing significant difficulties for themselves … [Read more...] about Expat kids in Spanish schools: The best days of their lives?