The buyer needs to know in advance what taxes they will be pay when buying a property in Mallorca. As this is an important part of the payment it is essential to know the amount of the taxes related to the purchase and also the annual fees derived from the ownership of the property.
In this section a study is made of these costs.
The taxes payable on the purchase depend on the price. The more the property is worth, the more taxes you pay and the type of property. A second hand house does not pay the same as a plot of land or a newly built house.
Our section “Taxes and expenses of buying a property in Mallorca or elsewhere in Spain“, you will find tools to calculate your taxes.

Also you will find some Examples of a tax and costs report to buy a property in Balearic Islands. Using our form we will calculate the taxes and costs of getting your property in the Island. On the other hand, the fees for the possession of the property depend on the size and the municipality where the property is located.