Tax on the sale of properties valued at one million euros or more is to go up in 2022. The Balearic government's budget has set a rate of 11.5%, an increase from 11% and one which is forecast to generate revenue of 679.7 million euros, 63% more than was budgeted this year. Finance minister Rosario Sánchez says this will "reinforce" progressive taxation at the high end of the property market.
Taxing the rich. Government targets home sales of more than one million
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