B2- Upper Intermediate
Spain is to impose a tax that is up to 100% of the value of the property on non-EU residents, UK citizens included. This measure is believed to be one of the ways to address the country’s increasing housing crisis.
Read the article about Spain’s plans to impose 100% property tax on foreigners from outside of EU.
Be ready to answer the questions that follow.
https://www.bbc.com/news/articles/cr7enzjrymxo
Vocabulary Questions:
- What does “to lose sight of something” mean? “Here in the UK, we also have problems with landlords buying multiple properties and driving up the rest, but this policy is losing sight of those of us who want to spend money in the country.” Use this phrase in a sentence and give a synonym or similar expression.
- What does “a drop in the ocean” mean? “But this will be a drop in the ocean in my opinion and there will be other alternatives that will have a higher impact on the housing market.” Use this idiom in a sentence and give a synonym or similar expression.
- What is “retrospective tax”? “I definitely wouldn’t consider trying to get in before this tax, because who knows what else they could do, a retrospective tax.” Use this term in a sentence.
Discussion Questions:
- Put your two cents in on this plan by the Spanish government. Are pro or against it? Do you think it could help solve the country’s housing problem? Explain.
- How might this impact Spain?
- How else can the purchase of homes by non-EU foreigners be limited?
- Do you think foreigners buying homes in another country actually adds to the local economy? Share your opinion.
- Do you agree with Spain’s “golden visa” scheme being abolished? Elaborate.
- If you were a non-EU resident, would you still consider buying a property in Spain now? Why or why not?