The pandemic has changed the outlook for individuals and businesses around the world. Most spheres of life are concerned by the “pre” and “post” Covid situation. In Spain as elsewhere, thousands of individuals, including expatriates, have been moving to large city outskirts, or, if they have the budget, to buy in a second home. Sometimes fearing new lockdowns, new buyers are seizing opportunities to enjoy life in a different way. However, a new tax reform introduced in July by the Spanish government could be a game-changer.