Re: Re: What did Spain do wrong?



Hi Mark,

I think the Spanish Government treating non-residents with contempt – one rule for foreigners and another for Spanish – firstly there was the Capital Gains of 35% for non-residents – that’s abolished now and no harm – then there was the wealth tax every year for the luxury of owning a holiday home in Spain – that has now been abolished also – we sill have the La Renta Tax whether or not you rent out your property or not. The add on price when you purchase of taxes which are in the region of 10% is also expensive. My own opinion is that the Spanish authorities think that foreigners have bottomless pockets. I am with CAM Bank and I find if I transfer money into my account I am charged and the banking charges seem to me to be quite high compared to here in Ireland.