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Proposal: Spain plans 100% tax for homes bought by non-EU residents

Martin Everson

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https://www.bbc.com/news/articles/cr7enzjrymxo

---- quote start

Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK.

Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.

"The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants," he said.

---- quote end
 
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IMG_5707.webp
 
Babiš already wants to copy it.

-- translated quote

The leader of ANO, Andrej Babiš, told Echo24 that if he gets into government after the elections, he wants to introduce a 100% tax on the purchase of real estate by foreigners from outside the European Union who do not actively occupy the property, following the example of Spain. Moreover, Babiš said that not only houses and flats should be subject to the tax, but also land. He also said that the goal of the ANO movement is to collect taxes efficiently and reduce them, while the priority of the government of Petr Fiala (ODS) is to collect taxes badly and increase them. In the Czech Republic, a similar tax would apply to, for example, the British, but also to Ukrainians, Belarusians and Russians.

Spain, through Prime Minister Pedro Sánchez, has announced that it plans to impose a tax of up to 100% on the purchase of real estate by people from outside the EU whose aim is not to live in the EU. Prime Minister Sánchez said there are "too many AirBnBs and too little space to live" in Europe.

-- end

https://www.echo24.cz/a/HJfri/zprav...is-ano-100--dan-z-nemovitosti-cizinci-mimo-eu
 
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https://www.bbc.com/news/articles/cr7enzjrymxo

---- quote start

Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK.

Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.

"The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants," he said.

---- quote end
Not gonna work. He cannot discriminate Liechtenstein, Swiss, Norway and Iceland in any case. Good luck!
 
"It added: 'The tax burden they will have to pay in case of purchase will increase to up to 100% of the value of the property, in line with countries such as Denmark and Canada."

That's crazy. I thought the media was just exaggerating for the headlines.

It seems like it really will be up to 100% of the value of the property.
 
They will increase the tax from 10% to 20% for non-EU residents and citizens, but it has not yet been confirmed when this will happen.

The tax is called IVA for off-plan properties and ITP for ready properties. It is currently 10%, so a 100% increase would bring it to 20%.

So, it’s not a big deal—just influencers trying to make bold headlines as usual.
 
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So, it’s not a big deal—just influencers trying to make bold headlines as usual.
«Se incrementará hasta el 100% el gravamen fiscal que deben pagar los no europeos que no residan en nuestro país cuando compran una casa en España, priorizando que las viviendas disponibles sean para los residentes»

these are the official words. even lawyers hold doubts about the meaning rof/%
meanwhile the whole world (included BBC, FT etc) understood it as 100% tax on property value and it's spectacularly backfiring on sanchez ...

But ARE YOU SURE ABOUT IT? it looks 100% on property value:
https://www.lamoncloa.gob.es/lang/en/presidente/news/Paginas/2025/20250113-housing-forum.aspx
(Official website of the president of the Government of Spain and the Council of Ministers)

"and after a thorough study, the purchase of homes by non-resident foreigners from outside the EU will be limited. More specifically, the tax burden they will have to pay in case of purchase will be increased to 100% of the value of the property, in line with countries such as Denmark and Canada"

I guess for canada he's talking about this: https://www.ontario.ca/document/non-resident-speculation-tax
 
Last edited:
«Se incrementará hasta el 100% el gravamen fiscal que deben pagar los no europeos que no residan en nuestro país cuando compran una casa en España, priorizando que las viviendas disponibles sean para los residentes»

these are the official words. even lawyers hold doubts about the meaning rof/%
meanwhile the whole world (included BBC, FT etc) understood it as 100% tax on property value and it's spectacularly backfiring on sanchez ...

But ARE YOU SURE ABOUT IT? it looks 100% on property value:
https://www.lamoncloa.gob.es/lang/en/presidente/news/Paginas/2025/20250113-housing-forum.aspx
(Official website of the president of the Government of Spain and the Council of Ministers)

"and after a thorough study, the purchase of homes by non-resident foreigners from outside the EU will be limited. More specifically, the tax burden they will have to pay in case of purchase will be increased to 100% of the value of the property, in line with countries such as Denmark and Canada"

I guess for canada he's talking about this: https://www.ontario.ca/document/non-resident-speculation-tax
Yes, I'm sure.

Only the tax amount doubles.
 
Don't worry, there are enough Europe residents what can still buy. It only affects some Chinese, Russians and Americans. I am pretty sure they even will be providing exceptions for Latin American guests willing to stay.
 
Yes, I'm sure.

Only the tax amount doubles.
have you got more trusted sources than the official government website?
why these idiots put the wrong info in the official gov website then?
https://www.lamoncloa.gob.es/presidente/actividades/Paginas/2025/130125-sanchez-foro-vivienda.aspx
even in spanish
"En concreto, se incrementará la carga fiscal que tendrán que pagar en caso de compra hasta el 100% del valor del inmueble, en línea con países como Dinamarca o Canadá"
 
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two worrying things:
1) the major landlord that will profit from this since it seems there are no limits, as you said
2) it's really scammy advertising worded that way. "Fully exemption from PIT" my a*s... I'd guess just the rental income will be exempted if you stick to that YOY index. So their "full" is not our full, unless you profit entirely off rentals.

and for a socialist prime minister this is weird, at least on paper :rolleyes:
unless he or his family get something back off the books. If this happens, then it would 100% adhere to socialists principles rof/%
 
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unless he or his family get something back off the books. If this happens, then it would 100% adhere to socialists principles

Yes that would make sense...lol.

I don't think there is any real possibility a person in Spain in theory could buy i.e an apartment block and rent it all out in accordance with RPI and pay no personal income tax on the income.
 
maybe they try to lure people in for buying since okupas usually pay nada.
 
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