The Word on the Street

International Edition - February 2011


News and Information from Spain


Welcome to the February issue of 'The Word on the Street'. Your monthly news and information from Spain provided by Ábaco Asesores. In a couple of columns we hope to keep you in touch with the news, events and just a little bit of gossip.

Mojacar, Almeria

White houses and blue sky
Mojacar, Almeria

Legal and Tax Updates

For all those of you out there who declare the interest on your savings in the UK.- heave a sigh of relief. Banks and the Tax Authority are talking. We are seeing cases where queries about interest declared on savings in the UK are being taken up with UK banks by the Spanish Tax Authority. It might feel a little like Big Brother but for those doing the right thing there's no need to worry. For everyone else the Tax Authority is watching you. For more information about banks and information sharing read our article on the website.

Loose women talk

Are you an auditory learner? Do you like listening to information rather than reading it? Or perhaps you like to fill up your boring car journeys with the chance to catch up and learn new things?

Then why not listen to some loose women talk. I'm afraid it's not the Loose Women but Caroline Clinton and Suzanne O'Connell from Ábaco do have a light-hearted discussion with a serious message - non-resident property tax. Listen to the 'Spain Explained' podcast. The first one in a new series to help you understand and enjoy Spain a little more. It's only 10 minutes long so why not give it a try?

From the horses mouth

How is the Spanish economy doing? The answer seems to depend upon what you read. One source suggests it's on the verge of bankruptcy and the peseta is on its way back. Another source, that finances are stabilising and the future looks good.

Perhaps the best solution is to take it from the horses mouth. In this case the Spanish government. There is a new website - in English which provides information, including facts and figures, about the Spanish economy. If you want to hear what they have to say for themselves it's a very good way of doing it.


Making a will

It's not an easy subject to discuss. However, making a will and planning a funeral are incredibly important actions to take if you want to leave your house in order for your nearest and dearest.

There are differences here in Spain that you need to be aware of. For example, if you don't make a will and have a joint bank account, when your partner dies the account can be frozen.

There is an article on our website that answers your most frequently asked questions about making a will in Spain.

To access the article click here.

Bring a smile…

It's not all depressing news. A recent survey by HSBC of expat lifestyle in 14 countries has found that Spain comes out top for the health and well-being of expat children.

Children in Spain spend less time watching television and playing video games(48% v. 21%) than in their home country. Children in Spain are also the least likely to eat junk food on a regular basis.

At the bottom of the health and well-being table? The UK. Three out of four expat children in the UK spend less time out of doors than they did in their home country. Perhaps the weather has something to do with it? For more information about the survey click here.

Gossip on the forums

What the word is on the streets

Do you like optical illusions? If you do, we think you'll like this. Follow this link to Eye on Spain and see how quickly you can find the man in the coffee beans:

We'd like to know how long it took our clients.

More than one minute

Less than one minute

Click here to let us know your time.

Cabo de Gata Natural Park, Almeria

Los Genoveses Beach in
Cabo de Gata Natural Park, Almeria


Coming out?
What's coming up?

8th March is 'International Women's Day'.

So for a female flavour here are a few weblinks and ideas:

This is the official website if you just want to know more.

For some of those celebrating try these websites:

Women in Business Club - event on the 8th March in Denia

Company Women - event on the 11th March in Orihuela Costa

Or why not try a photo competition in Andalucia

I came across an interesting website if you are female and live around the Costa del Sol. In fact you might be interested even if you're male and live in Barcelona!
It's very 'pink' but does include some interesting articles and is definitely female focused.

Speaking of which, is the online version of the first magazine on the Costa Blanca for women. It includes lots of information about events and life in Spain generally from a female point of view.

Did you know?

There is an old farmhouse in Almeria that was frequented by celebrities such as John Lennon, Peter O'Toole and Yul Brynner and was where Strawberry Fields was composed? The farmhouse, The Casa del Cine, has now been turned into a museum. To read more

Almeria has been the setting for many famous films including 'The Magnificent Seven', 'Lawrence of Arabia', 'Indiana Jones and the Last Crusade' and 'Sexy Beast'. In the Tabernas desert, the only desert in Europe, there is even a Mini-Hollywood theme park. For more information about the theme parks visit

abacomagazine #e22

Ábaco Asesores: (+34) 96 670 3748

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