Property tax (IBI) and its settlement
Anyone who has a property in Ibiza must pay their local council the corresponding annual property tax. This tax makes no distinction between residents and non-residents, and is applied in exactly the same way to all owners. Other taxes such as inc... READ MORE
Published: 15/08/2018
Municipal Added Value Tax
There are few concepts in the Spanish legal jargon that can lead to as much misinterpretation as the term “plusvalía”, which can be translated as “added value” or “capital gains”. To begin with, the term itself does not appear in legal texts. A co... READ MORE
Published: 15/06/2018
The new tourist law - what kind of tourist rental will be legal in the future?
At the end of July 2017, the Balearic Government published the new rules on vacation rentals in the BOIB, the Official Gazette of the Balearic Islands. Prior to this date, holiday rentals in Ibiza where legally limited to detached houses only. The... READ MORE
Published: 15/10/2017
The inheritance and gift tax system currently in force in Ibiza
Following the ruling of the European Court of 3 September 2014, Spanish lawmakers equated non-residents to residents with regard to inheritance, with the move being hailed as a great success. Since 1 January 2015, following these changes to the la... READ MORE
Published: 15/08/2017
The first occupancy licence and the habitation certificate
Before buying a property in Ibiza, one should take into account and verify a number of things: building permits, possible charges registered at the Land Registry, payment of all applicable taxes, etc. Many times, both the seller and the buyer unde... READ MORE
Published: 15/06/2017
Building & Renovating in Ibiza
In this article we will explain the conditions and legal framework for construction work and building renovations in Ibiza. READ MORE
Published: 15/04/2017
Do you know which pre-nuptial agreement governs your marriage?
When the Notary who draws up the deed to purchase a property in Ibiza asks you which economic regime you chose for your marriage celebrated abroad, mentioning “shared or divided property” with an inquisitive look, you may be tempted to say yes, si... READ MORE
Published: 15/10/2016
Where do the boundaries of my property lay?
In Ibiza, it is frequent to find that a large part of a property of ours is not registered at the Property Registry nor at the Records Office. As well as that, in some cases you cannot determine exactly where the boundaries lay. The owner affected... READ MORE
Published: 15/10/2015
Which costs are charged to the seller of a property?
If a resident or non-resident sells his Spanish property, this may mean he has made a profit and capital gain which he has to pay taxes on. In principle the seller has to pay a capital appreciation tax (“Plusvalía municipal”), unless another agree... READ MORE
Published: 15/04/2014
Legal property thanks to a new Balearic land law?
Sometimes developments registered in the land and deeds registry do not coincide with the actual buildings. When a property is for sale, the buyer should ask whether the existing buildings are legal. Relevant is not only the registration in the la... READ MORE
Published: 15/12/2013
How much is my property actually worth?
Many home owners in Ibiza would like to know the answer to this question but, unfortunately, it’s not that easy to find it. The valuation of a property is hugely important when buying or selling it, or for inheritance purposes, because the value s... READ MORE
Published: 15/06/2013
What is residency all about?
It’s easy to be confused by the various registration requirements for foreigners living in Spain. The mains ones are the NIE or número de identificación de extranjero, legal residency and tax residency which are completely different as we’ll see. ... READ MORE
Published: 15/04/2011