· 3d · on MSN
Spain is considering a 100% tax on homes bought by people outside the EU. Here's why
Spain considers 100% tax on homes bought by non-EU buyers
The negative aspects of mass tourism have caused tension at times between visitors and residents. MADRID — Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by people who are neither citizens nor residents of the European Union.
· 3d · on MSN
Spain plans 100% tax for homes bought by non-EU residents
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Spain's supertax on non-EU home buyers dubious: expertsA tax of up to 100 percent on Spanish property deals by non-EU nationals living outside the country is one of the leftist government's flagship proposals to tackle a housing crisis. A total of 638,552 property deals were sealed that year,
To be sure, the rest of the plenary is hardly undemocratic. The group includes 108 representatives from the European Parliament, 54 from the Council (two per member state), and three from the European Commission, as well as 108 representatives from national parliaments.
Demonstrators in Madrid protested the arrival of the Maccabi Tel Aviv basketball team ahead of their Euroleague game against Real Madrid.
Prime Minister, Pedro Sánchez, has announced his plan to roll out a tax of up to 100 per cent on properties owned by non-residents in Spain.
S Jaishankar on Monday highlighted the potential of the strengthening ties between India, Spain, and the European Union (EU) as
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Spain wants non-European Union residents to pay as much as 100% tax for home purchases in the country as it seeks to stem growing discontent over rising real estate prices.
Spain's Prime Minister Pedro Sánchez said too many people were buying Spanish homes as an investment rather than to live in.
Madrid: External Affairs Minister S Jaishankar on Monday asserted that India’s ties with Spain and the EU can be a “stabilising factor in these turbulent times”. Jaishankar
The proposed changes would see non-EU citizens without legal residence in Spain having to cough up taxes worth 100% of the property's value. Official stats reveal that the number of Brits registered as living in Spain jumped from 276,089 in 2017 to 284,037 in 2023.
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