Buying Property in Spain
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I have read that Spain now charges a tax of 100% for real property purchased by non-EU citizens. The big concern is the number of persons who have bought property and used them as Airbnbs. We are interested in buying a second home where we would live, not that we would rent out, though we would split time between Spain and the United States. Can anyone shed light on this new tax and tell me whether there is any way around it. Thanks.
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Hi! Currently the tax of up to 100% on the value of properties bought by non-residents from countries outside the EU is just a proposal by the Spanish president and not yet a law (it's unknown if it would ever pass into law). The president has not provided a timeline for presenting it to parliament for approval.
It's best to speak to a tax attorney if the proposal become law at some point in the future to inqurie about how it may work.
Cepee Tabibian, IL Spain Correspondent
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Cepee; We are visiting Malaga BEFORE the Albufirie, Portugal conference. We would like to meet with a realtor or you or an associate to get an orientation to neighborhoods for possible rentals in Malaga for coming winters we will spend in southern Spain or Portugal. I've tried sending you an email via the IL link and it keeps coming back from IL as unable to forward and When I've called IL now 4 times they keep telling me I will get that information at the conference, but we will have already left Malaga and not be returning on this trip. The emails in the 500+ page book from IL keeps returning non deliverable for the Malaga realtors. Could you please help and provide a specific referal (s) in Malaga? Thank you for any help. The message just isn't getting through the IL site to anyone and if it does they don't answer the question. Thanks again in advance
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Hi there!
How exciting that you'll be in Malaga and at the conference in Portugal! I'll be there too. Thank you for letting us know about the email issue. We're looking into it.
Here are a few recommended realtors for Malaga:
Remax Top Málaga (Hamilton Beau Bone), Av. Del Obispo Angel Herrera
Oria 2, 29007 Málaga
+34 952310562
https://www.remax.es/buscador-de-agentes/malaga/malaga/cruz-de-humilladero-arroyo-del-cuarto/hamilton-bone-26986/Inmobiliaria Krauel, Calle Sancha de Lara, 13 bajo, Málaga 29015; tel.
+34 (952) 210-457 and +34 (952) 210-947; email: krauel@innmokrauel.com;
website: www.inmokrauel.comMálaga Estates, Calle Hinestrosa, 25, Málaga 29012; tel. +34 (952) 223-288
and +34 (600) 783-711 mobile; email: info@malagaestates.com; website:
www.malagaestates.comMarisa Kagan, is a “global ambassador” for the National Association of Realtors, for Italy, Portugal, and Spain. She’s based in US, but has reliable contacts in Spain, and can provide some recommendations too.
mkagan@globalrealtysolutions.com
I hope this helps!
Cepee Tabibian, IL Spain Correspondent