Unfortunately, the chances of these A-listers buying a property here have been hit hard by plans by the Spanish government to introduce a massive tax surcharge when non-European Union citizens who are not resident on the island want to buy a property. Infact with the new proposed tax they could be paying double.
"The chances of these people becoming a Spanish resident are slim and as they come from countries outside the European Union they will be affected by the proposed tax announced by Prime Minister Pedro Sanchez," one property expert told Bulletin online.
While many people doubt that the tax will ever become a reality it will have caused some concern by non-European Union who want to buy property in Spain. The two biggest nationalities it affects are the British and the Americans.
The Spanish government wants to introduce the tax to help the housing market with Spain suffering a major shortage of affordable homes.
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I wish there was a law that prevented Tom Cruise from entering Mallorca.
Baleària government have already said they will not allow this to happen and it won’t pass in Madrid anyway so a non story.
I doubt it will have any impact on Hollywood A people.
Who cares where these people buy second homes. It's totally irrelevant to 99% of people.
Do you seriously think these people would even consider buying something that a local person considers affordable ??? I don't see it helping whatsoever. The government needs to build affordable housing for residents , either to rent or buy & ensure only local / residents get access to these properties.
This article is very misleading, I believe they want to increase the property sales tax which is between 7 -14 % which would make the tax 14 - 28 %
The journalism gets worse at this publication. Nobody cares about "Hollywood A listers". Literally nobody imho. This is a pathetic excuse to write another silly story about the proposed property tax increase for non EU, non residents. So what if it deters Tom Cruise from buying a house here????
Tom Cruise could probably find that amount down the back of his sofa.