10/06/2025
🏠 Follow-up: What’s really happening with ’s proposed real estate tax on non-EU buyers?
As a follow-up to last week’s post addressing growing concerns, this week the Spanish Parliament published the full text of the draft law submitted by the Socialist Party (PSOE). https://www.congreso.es/es/proposiciones-de-ley?p_p_id=iniciativas&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_iniciativas_mode=mostrarDetalle&_iniciativas_legislatura=XV&_iniciativas_id=122/000196 At Luxton Legal, we’ve reviewed the proposal and want to share a clear, practical summary for international buyers.
📄 What does the draft say?
It proposes a new state-level tax on the acquisition of real estate in Spain by non-EU residents, in addition to the regional Transfer Tax (ITP). The aim is to increase tax pressure on certain property purchases, but the law is still in draft form and subject to changes.
✅ Key points for buyers to know:
- New-build homes purchased from developers (subject to VAT) are not affected.
- Transactions where the seller is a professional or company acting in the course of business are also excluded.
- The proposal would mainly affect resales between private individuals when the buyer is a non-EU resident.
📌 Importantly:
This is not yet law. It is a draft undergoing parliamentary debate and may be amended or rejected. Spain remains a safe and attractive destination for international property investment.
🛡️ At Luxton Legal, we help our clients anticipate potential legal changes and structure their purchases in the most secure, tax-efficient way—especially in uncertain contexts like this.
If you're thinking of buying in Spain, it’s a good time to seek guidance and plan ahead.
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