On Monday 13th of Jan 2025, the Spanish prime minisister made a public statement and said:
“I communicate that after a lot of work and careful consideration by the government we have decided we are going to limit the amount of properties being purchased by nationals of non E.U. countries (that are not resident of Spain ) . We are going to do it by increasing the tax they pay when they purchase. We will tax them up to 100% of the value of the property purchased “
In this short video you will find a short explanation of what has been said , what it means and also the video itself .
IF YOU OR ANYONE YOU KNOW IS ABOUT TO PURCHASE IT IS ABSOLUTELY ESSENTIAL TO PUT A CLAUS LIKE THE ONE BELOW IN THE DEPOSIT CONTRACT.
Due to the uncertainty surrounding taxes payable by non-EU residents/citizens on the purchase of properties in Spain, it is agreed that if, at the time of signing the deed (escritura), the tax amount applicable to the purchase (transfer tax or any other applicable tax under a different name) payable by the buyer has increased compared to what would be payable today, the buyer will have the option to either withdraw with a refund of the deposit paid or proceed with the purchase as agreed in the contract. The buyer must notify the seller of their decision in writing within 15 days of the tax change becoming law and in all cases before the final date established for the signing of the deed.
Debido a la incertidumbre en torno a los impuestos que deben pagar los residentes/ciudadanos no pertenecientes a la UE en la compra de propiedades en España, se acuerda que si, en el momento de la firma de la escritura, el importe del impuesto aplicable a la compra (impuesto de transmisiones o cualquier otro impuesto aplicable bajo un nombre diferente) que debe abonar el comprador ha aumentado en comparación con lo que se pagaría hoy, el comprador tendrá la opción de retirarse con la devolución del depósito abonado o proceder con la compra según lo acordado en el contrato. El comprador deberá notificar al vendedor su decisión por escrito dentro de los 15 días posteriores a la entrada en vigor del cambio fiscal y, en todo caso, antes de la fecha límite establecida para la firma de la escritura.
