Following a recent announcement from Spain, it appears they are looking to increase tax revenues from properties held by non EU residents which would include UK citizens and UK Limited companies .
Whilst this article doesn’t go into too much detail at the moment it is worth understanding the direction that taxes are going to go with an emphasis in freeing up affordable housing in Spain to local residents (as well as increasing taxation on what is effectively second home ownership). At the moment we are not advising clients direct on this matter until legislation , if passed, is more definite than the statements made by the Spanish Politicians.
We will keep an eye on this and no doubt we will advise more precisely in due course.