Purchase, ownership and sale of property in the Balearic Islands

Insights / Tax

With our team of “native” tax and legal advisers from Mallorca and Ibiza, as part of our Real Estate service, we specifically advise on purchasing, owning and selling real estate in the Balearic Islands.

 

Property Purchase

 

Legal conveyancing for all kinds of properties

Advice on property development rights

Coordination of building surveys

Tax advice on the acquisition of real estate: new properties (VAT and Legal Documentation Tax), existing properties (Property Transfer Tax), non-residents (Withholding Tax)

Assistance with obtaining mortgages for non-residents

 

 

Tax advice on property ownership

 

Real estate tax: local tax levied on the Spanish property and charged annually by the municipality where the property is registered

Rental of real estate: rental tax for EU and non-EU residents, deductible expenses, tourist taxes

Private use of real estate for non-residents: taxes for EU and non-EU residents

Net wealth tax: depending on the value of the real estate, less applicable deductions

Inheritance tax

 

 

Selling Property

 

Legal assistance with sale documentation

Tax advice on sale: applicable taxes

Meet Our Experts
IgnacioDeLara-people-ILVSILVER

Ignacio de Lara

TAX SERVICES
LuisIzquierdo-people-ILVSILVER

Luis Izquierdo

LEGAL SERVICES
Meet Our Experts

Ignacio de Lara

TAX SERVICES

Luis Izquierdo

LEGAL SERVICES