Spain Proposes 100% Tax on Non-EU House Buyers

Spain proposes 100% tax on non-EU house buyers

UK citizens are the biggest foreign buyers of Spanish property; Germans, Dutch and other European Union residents will be exempt.

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Spain to go ahead with controversial 100pc tax on foreign house buyers

Spain’s government is pushing ahead with a controversial proposal to hit non-European Union residents with a 100pc tax when buying homes, as it seeks to tackle a brewing housing crisis.

The PSOE has brought to the Congress of Deputies a bill with new interventions in the housing market that is loaded with tax increases. Among the measures that the main government party wants to take forward is the increase in taxes for empty houses, which will also affect owners with second homes. Thus, a tariff is proposed, similar to that applied in the IRPF, which can almost triple the current taxation of empty floors (see attached graph).

The Socialist Parliamentary Group (PSOE) has registered on Thursday a bill to boost affordable rental of housing, which includes measures such as housing and...

Spain Pushes Ahead With Plan to Tax Non-EU Home Buyers 100%

Spain’s government is pushing ahead with a controversial proposal to hit non-European Union residents with a 100% tax when buying homes, as it seeks to tackle a brewing housing crisis.