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

[Martin Everson]

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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[JohnnyDoe]

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[ilke]

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

 

[daniels27]

Martin Everson said:
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
Click to expand...

Not gonna work. He cannot discriminate Liechtenstein, Swiss, Norway and Iceland in any case. Good luck!

 

[manukahoney]

100% addition to the existing tax (that is about 10% already).
So 20% total tax, which is still a robbery.

BBC "quality" journalism at its best as usual.

 

[daniels27]

manukahoney said:
100% addition to the existing tax (that is about 10% already).
So 20% total tax, which is still a robbery.
Click to expand...

No, it says "100% on the value of properties"
It will be 100% then.

But IMO it should be "residents outside the EEA+CH"

 

[yngmind]

"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.

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[Marzio]

Martin Everson said:
by non-residents from countries outside the EU
Click to expand...

That's why you need to move to EU right now, so you don't have to pay that tax!

 

[JackAlabama]

daniels27 said:
Not gonna work. He cannot discriminate Liechtenstein, Swiss, Norway and Iceland in any case. Good luck!
Click to expand...

i could forsee these nations wont be included in this socialist dream as they are already and getting more strongly integrated into the wonderful eu saga.

 

[yngmind]

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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[marioIT]

yngmind said:
So, it's not a big deal””just influencers trying to make bold headlines as usual.
Click to expand...

«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: Jan 19, 2025

 

[Offishore]

So he charging double pretty much instead of taking a cut he's gonna get nothing and more vacant properties as well as distressed homeowners. Makes sense.

 

[marioIT]

Offishore said:
he's gonna get nothing and more vacant properties as well as distressed homeowners. Makes sense.
Click to expand...

that would be not bad for him at all... vacant properties can be occupied by okupas and they vote too

 

[yngmind]

marioIT said:
«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
Click to expand...

Yes, I'm sure.

Only the tax amount doubles.

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[daniels27]

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.

 

[marioIT]

yngmind said:
Yes, I'm sure.

Only the tax amount doubles.
Click to expand...

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"

 

[Martin Everson]

The good news is that they propose....

7. 100% income tax exemption ”“ landlords renting their properties in accordance with the Reference Price Index will benefit from a full exemption from Personal Income Tax (IRPF).

https://www.blevinsfranks.com/spain-tax-on-non-eu-property-buyers/

My question is which major landlord came up with this idea? 😉

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[marioIT]

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 🙄
unless he or his family get something back off the books. If this happens, then it would 100% adhere to socialists principles rof/%

 

[Martin Everson]

marioIT said:
unless he or his family get something back off the books. If this happens, then it would 100% adhere to socialists principles
Click to expand...

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.

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[JackAlabama]

maybe they try to lure people in for buying since okupas usually pay nada.