100% Tax Coming to Spain! 😱

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Socialist Spanish prime minister Pedro Sanchez announced aggressive new taxes for foreigners in Spain. The new proposed changes will include 100% taxes on all property purchases by non-EU foreigners!
Property prices in Spain have risen rapidly in the past few years, making it unaffordable for many locals. Spain is a desirable destination, so it is not surprising that many foreigners want to own property there. However, this lead to serious consequences to locals. So serious, that the current government may need to take drastic measures.
In the last quarter of 2024, 15% of all properties sold in Spain were sold to foreigners, mainly British. This country also has massive housing shortages, in fact about 600 000 new homes are needed but only about 90 000 is being built every year.
Besides announced taxes on foreigners, Spain is also to introduce more aggressive taxes on short term rentals, such as AirBnb.
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Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
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