{"id":990059,"date":"2025-11-24T10:58:46","date_gmt":"2025-11-24T07:58:46","guid":{"rendered":"https:\/\/alegria-realestate.com\/?p=990059"},"modified":"2025-11-26T11:00:58","modified_gmt":"2025-11-26T08:00:58","slug":"spanish-parliament-rejects-proposal-to-tax-the-purchase-of-a-third-home","status":"publish","type":"post","link":"https:\/\/alegria-realestate.com\/en\/articles\/taxes-and-laws\/spanish-parliament-rejects-proposal-to-tax-the-purchase-of-a-third-home","title":{"rendered":"Spanish Parliament Rejects Proposal to Introduce a Tax on the Purchase of a Third Residential Property"},"content":{"rendered":"<p>The Spanish Parliament has rejected a bill put forward by the Catalan separatist party ERC aimed at \u201ccombating\u201d alleged \u201cspeculation\u201d on the <a href=\"https:\/\/alegria-realestate.com\/en\/sale\" target=\"_blank\" rel=\"noopener noreferrer\">real estate market<\/a> by introducing a tax on the purchase of housing starting from a third property. The full support of the PSOE and all partners in the left-wing coalition was not enough to outweigh the \u201cagainst\u201d votes of the PP and Vox, with PNV and Junts abstaining.<\/p>\n<h2>ERC\u2019s Initiative and the Objectives of the Tax<\/h2>\n<p>The authors of the bill argued that the <a href=\"https:\/\/alegria-realestate.com\/en\/articles\/useful-information\/what-to-know-before-buying-property-in-spain-as-an-investment\" target=\"_blank\" rel=\"noopener noreferrer\">Spanish real estate market<\/a> has become a \u201csafe haven\u201d for investors, and that the only way to guarantee the right to housing is not to increase construction volumes, but to step up state intervention. ERC\u2019s tax plan to curb \u201cspeculation\u201d was intended to penalise the accumulation of housing in the hands of large owners through an additional levy on homeowners starting from their third property.<\/p>\n<h2>Proposed Tax Burden<\/h2>\n<p>Under the proposal, when buying a third property, buyers would have to pay, in addition to the standard VAT, an extra 4% of the sale price; for a fourth \u2013 8%, for a fifth \u2013 12%, and then a further 5% for each additional property. The proposal also included lower property purchase taxes for young buyers, the removal of tax benefits for so-called socimis \u2013 listed companies that specialise in <a href=\"https:\/\/alegria-realestate.com\/en\/service\/investing-in-property-in-spain\" target=\"_blank\" rel=\"noopener noreferrer\">real estate investment<\/a> \u2013 an increase in VAT to 21% on tourist apartments, and a higher minimum rate of the <a href=\"https:\/\/alegria-realestate.com\/en\/articles\/what-is-ibi-tax-in-spain\" target=\"_blank\" rel=\"noopener noreferrer\">property tax (IBI)<\/a> for housing owned by large landlords that is not their main residence.<\/p>\n<h2>Opponents\u2019 Position<\/h2>\n<p>Opponents of the bill described these measures as \u201ctax populism\u201d that would not solve the problem of access to housing and could instead reduce the attractiveness of investment in rural areas and areas with low demand. They also warned that such unworkable measures would \u201ccriminalise\u201d small landlords and remove incentives for companies willing to promote affordable rental housing.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Spanish Parliament has rejected a bill put forward\u2026<\/p>\n","protected":false},"author":34,"featured_media":990060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[],"class_list":["post-990059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taxes-and-laws"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spanish Parliament Rejects Proposal to Tax the Purchase of a Third Home<\/title>\n<meta name=\"description\" content=\"What it means for buyers: the proposed surcharge on third-home purchases failed in Parliament\u2014no new nationwide costs for investors and second-home owners. 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