Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
William Dove

UK Nationals Hit Hard in Spain's Housing Reforms: New 100% Property Tax Explained

Spain has announced a range of new measures aimed at prioritising housing for local Spaniards, including a 100% tax on non-EU nationals buying property.

The proposals will not affect those already living in Spain, but would mean that non-EU nationals would effectively have to pay double the price for a house. At present buying a house in Spain typically incurs additional costs and taxes of around 10% of the value of the property.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.