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New tax rules

Posted: Tue Jan 21, 2025 2:21pm
4 replies2 members subscribed
Adr14n

Posts: 17

Location: Villamartin

Joined: 6 Nov 2022

Lots of news about the proposed 100% tax on non-residents purchasing homes in Spain, but I can’t see anything about selling and moving to another property! Hopefully that stays at the 10%

Anyone know anymore I would be interested because I am thinking of moving to a bigger house.👍

marcliff

Posted: Tue Jan 21, 2025 3:04pm

marcliff

Legendary helpful member

Posts: 2799

3488 helpful points

Location: Rojales

Joined: 5 Jan 2023

Posted: Tue Jan 21, 2025 3:04pm

Are you a resident or non resident? No details have been given plus just announced Sanchez now wants to stop all non EU non residents from buying property in Spain. 

Adr14n

Posted: Tue Jan 21, 2025 4:01pm

Adr14n

Original Poster

Posts: 17

Location: Villamartin

Joined: 6 Nov 2022

Posted: Tue Jan 21, 2025 4:01pm

marcliff wrote on Tue Jan 21, 2025 3:04pm:

Are you a resident or non resident? No details have been given plus just announced Sanchez now wants to stop all non EU non residents from buying property in Spain. 

I am a non resident, but owned a property for 10 years. Just thinking of moving and checking what the implications maybe

aitchc1401

Posted: Tue Jan 21, 2025 4:19pm

aitchc1401

Legendary helpful member

Posts: 2112

2275 helpful points

Location: Los Dolses

Joined: 15 Mar 2018

Posted: Tue Jan 21, 2025 4:19pm

Adr14n wrote on Tue Jan 21, 2025 4:01pm:

I am a non resident, but owned a property for 10 years. Just thinking of moving and checking what the implications maybe

Best to keep an eye on the Spanish news, I cannot see anything happening quickly, if at all, but there is so little detail on what could occur as to make it guesswork to give you advice. If you are moving this year I would think you will be fine, but that's just my opinion. 

 As a guide, after the Council of Ministers agreed to end the granting of golden visas in exchange for the purchasing of property over 500,000euros it took 12 months to implement (assuming it happens as planned in April this year). 

Rgds,

Aitch.

George55

Posted: Tue Jan 21, 2025 4:22pm

George55

Very helpful member

Posts: 844

803 helpful points

Location: Los Dolses

Joined: 29 Dec 2020

Posted: Tue Jan 21, 2025 4:22pm

I find it mildly amusing that in Spain, it is the socialists who have proposed banning non-EU individuals from purchasing property in Spain while the Peoples Party has denounced the proposal as "xenophobic".

Contrast that with the UK where you have both Labour and the Conservatives trying to talk tough on immigration but both basically failing to achieve anything whatsoever.

One interesting thing of note in one of the articles I read was that Denmark requires non-EU people to live in Denmark for 5 years before they are able to buy property as well as obtaining a specific permit so (severe) restrictions clearly are possible within the framework of EU legislation although I doubt the Danish have remotely close to the same reliance on general tourism as part of their overall economy.

I do wonder whether it could be that various countries in Europe are simply ahead of the curve on this compared to the UK - I'd have thought certain areas of the UK price out people working and earning an average wage but not because of tourists - because of the dramatic uptick in house prices over 30+ years (which no doubt is compounded by lack of building and large scale population increases). 

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interior building work
Gran Alacant Insurances
Villa Guardians
Car Key Solutions
AA Free English TV
ASSSA Insurance
Gentlevan Removals
Costa Blanca Building Specialists
The Cats Whiskers
POSITIVE BELIEFS
Thy Will Be Done
Jennifer Cunningham Insurances SL
Espana Dream Properties
Expat Services
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Blacktower Financial Management
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