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COST OF LIVING IN GIBRALTAR
Gibraltar is very family friendly, which means that the education in schools is mostly free and that there are income tax benefits for married couples and those with children. Some medical treatment is also free of charge in Gibraltar's hospitals. Gibraltar is not a part of the customs union and therefore has duty free shopping and does not charge VAT. Cigarettes, liquor, gas and perfumes are only some items which are bought by Spaniards and other nationalities because of the low price.
Despite the tax benefits, the cost of living can be compared the UK. Water and electricity charges are higher than costs elsewhere, and property prices are much higher than those in neighbouring Spain. Despite the close trading links between the UK and Gibraltar, the Rock's proximity to Spain and its economic environment also influences Gibraltar's cost of living.
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