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.
So much for my US escape plan
If you happen to have 500k EUR you can buy your citizenship there and avoid it.
There are cheaper options out there though.
What 500K “buys” you is residency. You will have to go through the normal citizenship application process after that if you want it.
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?
I went to look it up and just learned that they will be scrapping that next April.
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.