Real estate transfer tax

Real estate transfer tax in the Balearic Islands (Mallorca, Ibiza, Menorca, etc.) is calculated progressively, according to the purchase price of the property. Since 01.01.2022 the following tax rates apply:

Purchase price (-Quota)Basic amoundPercent
up to 400.000 €8 %
400.000,01 bis 600.000 €32.000 €9 %
600.000,01 bis 1.000.000 €50.000 €10 %
from 1.000.000,01 up to….90.000 €11,5 %

Here are some examples:

  • At a purchase price of   450,000 € the Real Estate Transfer Tax are 8.11% of the purchase price.
  • At a purchase price of   690,000 € the Real Estate Transfer Tax are 8.55% of the purchase price.
  • At a purchase price of   975,000 € the Real Estate Transfer Tax are 8.97% of the purchase price.
  • At a purchase price of 1,150,000 € the Real Estate Transfer Tax are 9.33% of the purchase price.
  • At a purchase price of 2,000,000 € the Real Estate Transfer Tax are 10,25% of the purchase price.

Tax advice

If a primary residence property up to 200,000 EUR is purchased, then a fixed tax rate of only 5% real estate transfer tax applies. This assumes that the buyer is a resident of Spain.

With CCC Real Estate you are on the safe side: We will calculate the real estate transfer tax and other ancillary purchase costs for your desired property before the contract is signed.

Please contact us under +34 971 566 178, or via WhatsApp +34 682 755 501 or via e-mail info@ccc-real-estate.com.