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The Catalan hard-left separatist party Esquerra Republicana (ERC) has submitted a bill to the Spanish Congress proposing a “Tax on the Accumulation of Residential Properties”, which could fundamentally change the rules of the game for investors and private homeowners.
The Spanish government is preparing a groundbreaking measure: a 100% tax on property purchases by citizens of non-EU countries. However, it must first be approved by parliament.
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