THE TELEGRAPH: Britons could be hit by exorbitant levy under new measures to fix the country’s housing crisis
British expats will be forced to pay 100pc tax on their holiday home in Spain under new measures to fix the country’s housing crisis.
Spanish prime minister, Pedro Sánchez, announced 12 reforms amid an ongoing row over the impact of foreigners on local house prices.
This includes the introduction of a tax for those from outside the European Union (EU) who do not currently live in Spain.
Proposals from the Spanish government suggest this levy could be as high as 100pc of the value of the home, much higher than current rates. Real estate purchases in Spain are currently subject to 10pc tax on newly-built homes and 6pc on old properties. » | Madeleine Ross, Money Reporter. James Badcock in Madrid | Monday, January 13, 2025
Gosh! This must be another one of those Brexit benefits that that numbskull Farage spoke about! – © Mark Alexander
