RSS feedsSpain has introduced rules to prevent the historic practice of paying for large chunks of property in cash to evade tax.
Legislation shortly to come into force will mean that individuals will no longer be able to pay for a portion of properties they buy in cash, The Times reports.
The Spanish government is keen to crack down on the practice, and has introduced new tax identification numbers on all property documents in an attempt to stamp it out.
The practice will be familiar to many British people who have bought houses in the country, the paper reports. It is likely they will be affected by the crackdown, as the government seeks to claim back tax on the cash portion of their purchases.
