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Spain proposes 100% tax on property purchases by non-EU residents to tackle housing crisis.
Spain is considering a new law that would impose a 100% tax on property purchases by non-EU residents, including British tourists, to address the country's housing crisis.
If passed, this measure would effectively double the cost of buying a property for non-EU buyers.
The bill also proposes penalties for empty homes and VAT hikes on short-term rentals.
The law is still in the draft stage and its approval depends on the Spanish Congress.
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España propone un impuesto del 100% a las compras de inmuebles por parte de no residentes de la UE para hacer frente a la crisis de la vivienda.