Majorca tourist tax set could stop Hollywood A-listers buying there | World | News


Celebrity A listers will not be exempt from Spain’s controversial property tax, throwing any dreams of buying a property there into doubt.

Nicole Kidman, Michael Douglas and Kylie Jenner are just some of the famous faces who love to holiday on the beautiful island. Kidman even fell in love with the island while filming there two years ago, according to reports.

Last year Tom Cruise sent the rumour mill into overdrive with reports that he was planning on purchasing a Majorcan property.

However, even if Tom Cruise wanted to, the likelihood of mega-stars being able to buy on the island are now “slim” thanks to plans by the Spanish government.

The new tax aims to discourage nationals from countries outside the European Union from buying a property there.

“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.

Spain has long been a popular destination for holiday home buyers trying to build a new life in a sunnier climate.

Although many people doubt that the tax will ever become a reality, it will have raised concern among non-European Union residents who want to buy property in Spain.

The two biggest nationalities it will affect are the British and the Americans – who are among the biggest buyers of Spanish property.

Spanish Prime Minister, Pedro Sanchez, announced the “unprecedented” tax in an attempt to get a grip on the housing crisis in Spain.

The reform would charge non-EU citizens who are not resident in the country a 100% tax when buying property.

Mr Sanchez said: “In 2023 alone non-residents from outside the EU purchased 27,000 houses and flats, not to live in them because mainly they bought them to speculate, to earn money with them, which is something that in the context of the problems many people are experiencing is something we can’t permit.”

Property prices had increased by 48% in the past decade in Europe, he added.



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