Become a fiscal resident and save up to 100% profit tax  when selling.

There are also many other advantages of being a resident in the Balearic Islands.

We will explain to you what needs to be taken into account.

The commission is usually included in the purchase of real estate and is paid by the seller.

We will explain to you how both parties (buyer and seller) can save taxes completely legally.

The property transfer tax when purchasing is between 8% and 13%, depending on the sales value.

But there are options to pay only   10%, regardless of the property value, if the house is a SL.

To ensure that the profit between purchase and sale is not too high, you can offset the following:

Additional purchase costs at the time such as property tax, registration and notary costs as well as maintenance costs.

Therefore, always keep your invoices!

As a rule, furniture is included when selling in Spain. When selling, create a list of furniture with prices so that you pay the reduced rate of 4% instead of 8% - 13%.

See same link to "Transfer Tax".

If you regularly rent out residential buildings, you will need a tourist license.

But you can also rent out completely legally without a license. We'll tell you what you need to pay attention to.

The Cédula certifies that the water and electricity connections for the maximum number of people living in the house are properly installed and approved by the municipality.

However, you can also buy or sell houses without the cedula.

The island government announced in 2023 that houses on Rustico properties can be legalized.

We don't yet know when this will be officially announced. One thing is certain. Land prices will rise!

You can also have online the cadastre as PDF & value estimated completely free of charge.

💡 Use on the right the map, zoom, click on it and use the "Satelilite" mode.

Use this link to analyze the trending's on Ibiza. Select the [municipality], for example: "San Josep...", the [district] like "Cala Vadella... and click on "Consultar".

Scroll down to see the history.

The Balearic Islands will lower the Wealth Tax: it raises the minimum exempt from the tax from 700,000 euros to 3 million euros.

Properties that are financed with a mortgage are now subject to a new, separate inspection that must be certified by a notary. Release can only take place after 10 days.