Property tax in Mallorca

Application of the state law enables savings It’s not easy, because anyone who deals with taxes is not given any breathing space. Because as soon as taxes are changed to the advantage of taxpayers, it can be over very quickly. A Spanish proverb says: “Joy is short-lived in the house of the poor” (La alegría […]

What is “Plusvalía”?

The capital gains tax (“Plusvalia”) is a municipal tax that becomes due when a property changes hands. It is calculated from the cadastral value of the land and taxes the increase in value since the last change in the land register. For this reason, the tax on Mallorca is rather low. The amount of the […]