In an attempt to address rising house prices, Spain is considering implementing a 100% property tax hike for buyers outside of the EU, which includes UK citizens. This has raised concerns for UK nationals that have retired or are considering retirement in Spain.
In articles for multiple publications including The Independent, associate Seila Sánchez Lucas discusses the proposed measures.
Even if adopted, the legislative process in Spain is tortuously slow and it is perhaps a little early for UK nationals to worry about this proposal. If adopted, there are many other jurisdictions looking to attract wealthy retirees and investors. For example, Dubai has been called the ‘new Marbella’.
Seila Sánchez Lucas
Associate
The full article can be read on the The Independent, London Evening Standard, Daily Mirror, Mail on Sunday, Money Week, MSN, Yahoo News, Express Digest, My London, AOL, England Times, Newry Reporter, Luton Today, Biggleswade Today, Peterborough Today, Manchester World, Manchester Evening News, In Cyprus, Professional Adviser and People Bugs websites.