Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Brits buying second homes in Spain set to be hit with 100% property tax

by January 14, 2025
January 14, 2025
Brits buying second homes in Spain set to be hit with 100% property tax

Spain’s prime minister, Pedro Sánchez, has unveiled a controversial proposal that would saddle non-EU property buyers who lack legal residence with taxes equalling the full purchase price of their new home.

The move represents a fresh effort by Spain’s Socialist government to discourage speculation and relieve pressure on a housing market beset by soaring prices — but it stands to hit British buyers particularly hard.

Under the draft measure, any non-resident from outside the EU purchasing property worth over €1 will be subject to a tax rate of 100 per cent on the home’s value. This startling levy, included in a broader package of housing reforms, comes as official statistics show more than 12,000 Spanish properties were bought by British buyers in 2023 alone. Although that figure is down on the previous year, it underlines the significance of Spain’s second-home market to Britons seeking a foothold in the sunny Iberian Peninsula.

Mr Sánchez’s announcement, made in Madrid on Monday, outlined additional plans to raise taxes on holiday rentals — ensuring they are taxed “like a business” — amid concerns over growing gentrification in popular tourist hotspots and complaints that locals are being priced out of the housing market. Meanwhile, his socialist administration aims to channel hundreds of acres of state-owned land into social housing via a newly created public housing agency.

Passing these changes will be far from straightforward. Mr Sánchez’s minority government faces stiff opposition both from conservative politicians, who view the proposals as overly interventionist, and from the far left, who argue that the reforms do not go far enough in helping tenants. The Bank of Spain, however, recently warned that stretched household rents could have “adverse economic and social effects”, lending urgent impetus to the debate.

British homebuyers, landlords and holiday-rental operators alike are now watching closely to see how parliamentary negotiations unfold. If approved, the unprecedented 100 per cent tax rate for non-EU non-residents could profoundly reshape Spain’s property market, sending ripples through the country’s tourist economy and beyond.

Read more:
Brits buying second homes in Spain set to be hit with 100% property tax

0
FacebookTwitterGoogle +Pinterest
previous post
China reportedly building ‘D-Day’-style barges as fears of Taiwan invasion rise
next post
Charlie Mullins to answer Farage’s call: Pimlico Plumbers founder poised for Reform UK MP bid

You may also like

Closer collaboration key to future UK-India trade, says...

October 11, 2023

Inicio AI secures £2.6m to transform affordability assessments...

April 15, 2025

HSBC faces £150m dilemma over office space as...

June 24, 2025

HMRC lowers late payment interest following Bank of...

February 10, 2025

Top Trends in Telecom Project Management

November 7, 2024

Protecting Content Creators: The Need for Copyright Lawyers...

August 23, 2023

Warehouses, offices and shopping centres ‘to lose fifth...

October 14, 2022

Starmer thanks business for footing tax bill

June 27, 2025

Government gives 14 SMEs £2.5M to accelerate their...

May 11, 2023

UK borrowing falls in May after higher tax...

June 20, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Firestarter: the London consultancy helping scale-ups build braver B2B brands

      August 28, 2025
    • Barclays exits Entercard joint venture with £200m sale to Swedbank

      August 28, 2025
    • Is Trump considering bold Africa play to push back on China, Russia and Islamic terrorists?

      August 28, 2025
    • ‘Gender bonus bias’ revealed as men nearly 1.5 times more likely to receive bonuses than women

      August 28, 2025
    • Four in five online small businesses expect growth despite UK economic headwinds

      August 28, 2025
    • Tesla sales slump 42% in Europe as BYD overtakes market share

      August 28, 2025

    Categories

    • Business (8,909)
    • Investing (2,246)
    • Politics (16,504)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved