Have you been hearing alarming whispers about a massive new property tax in Spain? Talk of a “100% property tax” has certainly spread quickly. It sounds incredibly worrying, especially if you’re dreaming of owning a piece of that beautiful life overseas. But what’s truly going on? Let’s take a deep breath and break down the facts, because understanding these big details really matters. Just a Proposal, Not a Done Deal First, and this is the most crucial point: this tax is only a proposal. Spain’s Prime Minister, Pedro Sánchez, announced it in mid-January 2025. The core idea is to impose a tax of up to 100% on properties bought by…