Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.
Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.
If you happen to have 500k EUR you can buy your citizenship there and avoid it.
There are cheaper options out there though.
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You’re right, I misread that. Thanks for the correction.
I wonder if they’d do something about that program, since you gotta do 500k and then a 100% tax on a property to live in?
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Can I buy a house with that? Or is that literally just the cost of the citizenship
I’m not sure, but someone else said the program is being scrapped in April.