Real Estate transfer tax

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                  Since April 2012, the real estate transfer tax in the Balearics is progressive - calculated - in accordance with the purchase price of the property.
                  Since 1st of January 2016 the following tax rates apply:

Purchase price (-Quota)

Basic amound

Percent

up to 400.000 € 

--

8 % 

400.000,01 - 600.000 € 

32.000 €

9 % 

600.000,01 - 1.000.000 € 

50.000 €

10 % 

from - 1.000.000,01 € up to ... 

90.000 €

11 % 

 

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 9.26% of the purchase price.

We calculate the real estate transfer tax and other incidental acquisition costs for buying your desired property before signing the contract.

Please contact us!
Tel. +34 971 566 178 , email to info@ccc-immo.com, via contact form or via questionnaire