Spain is moving forward with new tax increase for foreign owners and lease

Spain, apparently, is configured to make residents not in the EU, such as the British, pay for the country’s housing crisis.
Socialist parliamentary group (PSOE) You introduced a bill aimed at promoting an affordable rental housing. Ampo his key measures Improving VAT in tourist apartments to 21% Reflect their economic activity and increased taxes on Reit (investment real estate trusts) and free real estate.

The Minister of Housing and the city agenda, Isabelle Rodriguez, announced details at a press conference, explaining that the fiscal package performs part of the early year of the government, set forth by Pedro Sanchez Prime Minister in a set 12 measures to improve housing affordabilityAccording to the idealist.

Considering the deadlines of measures, the Minister of Housing said that PSOE plans to use the “first accessible opportunity” as part of the Congress of the Legislative agenda of the deputies, striving for The first half of JuneThe field is not a time for half measures or simple rules; The ban on subtomas is necessary. These are not superficial corrections – we need to act, ”Rodriguez emphasized.

A bill that requires the approval of the majority in the lower ward and subsequent amendments, you will introduce The new state tax aimed at providing real estate procurement that is not citizens who are not the EU, citizens And non -residents of foreigners through a tax on the transfer of property. This new tax will not be transferred to autonomous communities to “avoid double taxation”, according to PSOE.

This will be applied to purchases of real estate throughout Spain (With the exception of the country of the Basque country and Navarra), covering all real estate, except for real estate rights, but only individuals and companies that are not residents of the European Union will be affected.

The proposal excludes business owners and specialists performing these actions, unless this activity is exempted from VAT, and in this case it is responsible for this new tax. One of the key measures in this bill to promote affordable housing for rental housing is to increase VAT in tourist apartments up to 21%, which restores tax their tax as genuine economic activity.

After a meeting with PSOE representatives, the Minister of Housing, Isabelle Rodriguez emphasized that this initiative is performing the entire package of measures announcing the premiere of Pedro Sanchez in January last year. She called on parliamentary groups to support the bill, confirming that the socialists “will actively work on measures.” Rodriguez admitted that although her department has already introduced steps to ensure adherence to housing, “the efforts of the government also require a solid legal framework.”

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