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FORM D2A AND D2B: DECLARATION OF FOREIGN INVESTMENTS AND DIVESTMENTS IN REAL ESTATE IN SPAIN

From 1 February 2024, a new mandatory rule came into force to declare investments by non-resident foreigners (both individuals and legal entities) in real estate located in Spain whose amount exceeds €500,000 (previously this limit was €3,005,060.52). It is also compulsory for investments from countries classified as tax havens, in … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Taxes and costs when selling real estate in Ibiza

1. Income tax (capital gains tax) for the seller Capital gains, such as profits from the sale of real estate in Spain, are subject to taxation. On this capital gain, progressive tax rates will be applied which will determine the amount to be paid. A distinction must be made between … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Tourist Rental License 2024 in Ibiza: What you need to know

From 11 February 2022, due to the huge boom in the number of properties applying for licenses and the tourist overcrowding, the authorities decided to temporarily suspend new tourist license concessions for a period of 4 years, until 2026. During this period it will be studied how many tourist places … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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New law to legalise properties 2024 on rural land on Ibiza

The new government has approved a decree law, Decree Law 3/2024, of 24 May to allow the legalisation of irregularities of buildings, constructions, installations and uses on rural land that are time-barred, i.e. on which the administration can no longer act.   This will allow the regularisation of buildings, constructions, installations … Continue reading

Filled under : Legislation
Author : lasanclas
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Publicity Top Casa Ibiza 2022

Top Casa Ibiza 12/2022 Top Casa Ibiza 11/2022 Top Casa Ibiza 10/2022 Top Casa Ibiza 09/2022 Top Casa Ibiza 08/2022 Top Casa Ibiza 07/2022 Top Casa Ibiza 06/2022 Top Casa Ibiza 05/2022 Top Casa Ibiza 04/2022 Top Casa Ibiza 03/2022 All information is supplied without liability!

Filled under : News
Author : lasanclas
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Illegal Tourist Rentals of Flats

In order to help in the event of any questions and doubts on the part of property buyers and owners regarding tourist rentals of their flat, we provide you with this official information sheet from the Consell d’Eivissa (Island Council of Ibiza), which explains the new law 6/2017 in a … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Properties with Rental License

Properties in Ibiza are in international demand and always represent a guarantee for a safe and profitable investment. And for years there has been a boom of wealthy tourists who rent houses, villas and luxury properties on the island for their vacations and are ready to pay high sums for … Continue reading

Filled under : Ibiza Real Estate , News
Author : lasanclas
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Impact of Coronavirus/Covid-19 on Property Market Ibiza

Impact of the banking crisis and the corona/covid-19 epidemic on the property market in Ibiza. This is not the first crisis that the Balearic Islands and thus Ibiza have had to weather and as happens in any crisis there is fear, uncertainty and the need for professional assessment and the … Continue reading

Filled under : Ibiza Real Estate , News
Author : lasanclas
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News about the Cédula de Habitabilidad

Dear Customers, since 27 June 2018 notaries have been obliged to check the existence of the certificate of occupancy (Cédula de Habitabilidad) in the notary purchase certification of a property. The fact of the absence is expressly stated in the contract and the buyer must agree in written form that … Continue reading

Filled under : Ibiza Real Estate , Legislation , News
Author : lasanclas
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TV channel Pro7 films inmobiliaria LAS ANCLAS on Ibiza

On 13th July 2018 our bosses, Dieter and Ulrike Sköries, had an exciting shooting day with the film crew of red. Red. is a weekly star and lifestyle magazine, which is broadcast in Germany, Austria and Switzerland. In 2017, Red. reached up to 2.2 million spectators in Germany. Red. is … Continue reading

Filled under : Ibiza Real Estate , News
Author : lasanclas
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TV report about Ibiza Property Market

TV report about Ibiza Property Market with Dieter Sköries, owner of the estate agency Las Anclas Ibiza S.L., on channel IB3, broadcasted on 7th September 2017: The prices of luxury real estate in Ibiza continue to rise. Buyers are Dutch, German, French, Italian, from Eastern Europe and British, even after … Continue reading

Filled under : Ibiza Real Estate , News
Author : lasanclas
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What is the Cedula de Habitabilidad

Cédula de habitabilidad (Certificate of Occupancy) WHAT IS THE CEDULA DE HABITABILIDAD? This is a certificate of occupancy, a document the size of a postcard which provides evidence that a property has been built according to technical regulations and has also been accepted after inspection. Only with evidence of this … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Tax exemption on the sale of real estate

Possibility of tax exemption on real estate sales Exempt from capital gains tax are: Persons over 65 years old Those residents over 65 who are selling their property and for the past three years have effected declarations with proof of owner occupancy in their Spanish income tax returns. Sale of … Continue reading

Filled under : Ibiza Real Estate
Author : lasanclas
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Who is a resident and who is a non-resident?

“Residencia fiscal”, Tax residence According to the Spanish Income Tax Law, a person is considered a resident when staying more than 183 days per year in Spain and therefore being fully taxable in this country. In this case the country where the person is registered is not relevant. Notwithstanding the … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Tagged on : property taxes

Buying Property On The Balearic Islands

What do I need to know when purchasing a property on Ibiza? 1. Additional costs Before you start looking for a property you should consider that on top of the advertised sales price you have to deal with taxes and further costs (Notary, Registry- etc). Normally these costs amount to … Continue reading

Filled under : Ibiza Real Estate
Author : lasanclas
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Taxes & Purchase Costs When Buying Property In Ibiza

– GENERAL Foreigners wishing to buy or sell a property in Spain must be in possession of a tax identification number (Número de Identificacion para Extranjeros), NIE number in short. 1. LAND TRANSFER TAX (Impuesto sobre Transmisiones Patrimoniales) When buying real estate, which is not composed of new buildings, you … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Beware Of On The Side – Brokers (Freelancers) on Ibiza

Ibiza offers beautiful properties. What is hard to find is the really good deal where buyers find decent and balanced value for money. As a rule get professional advice. Resist the temptation of listening to those who “by chance” have heard somewhere (usually in the café or restaurant) of your … Continue reading

Filled under : Ibiza Real Estate
Author : lasanclas
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Real Estate Purchase Contracts In Ibiza

GENERAL: Although there is no legal obligation in Spain to have sales-purchase contracts notarized, it is nevertheless highly recommended to do so. When buying real estate a private contract is usually signed before issuing the public sales-purchase deed (escritura de compraventa). In general there are three types of written sales … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Public Sales – Purchase Deed Ibiza

escritura de compraventa GENERAL The so-called “escritura” is a purchase contract signed before a notary. It is not an indispensable requirement for the transfer of ownership, but necessary for the registration in the Spanish Land Registry (Registro de la Propiedad) and also highly recommended. The Spanish notary certifies what the … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Land Registry Ibiza

WHY LAND REGISTRY (Registro de la Propiedad)? In Spain, real estate can effectively be acquired by signing only a private contract, without entering it into the Spanish Land registry (Registro de la Propiedad). However, the registration in the name of the buyer is highly recommended, as with regard to third … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Gestorias In Ibiza

WHAT IS A “GESTORIA”? The term gestoría derives from gestor, which translates as processor, operator, manager. The company managed by a “gestor” is known as a Gestoría. Due to Spain’s very complex bureaucratic system, almost impenetrable for foreigners, Gestorías help you to find your way in this administrative jungle. In … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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Getting An NIE Number In Ibiza

WHAT DOES N.I.E. MEAN? The NIE (Número de Identificacion para Extranjeros) is a tax identification number for any foreigner who does not have the Spanish nationality but would like to do business in Spain. This includes, for eg. buying or selling real estate or vehicles, bank transactions, etc. WHAT DO … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
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We Fly for You!

We believe that an exclusive presentation is essential for the successful marketing of high quality properties. Villas and estates can thus be presented from a completely novel perspective. To this end we have had two hexacopters, usually used in the film industry, custom-built for us, which means that we can … Continue reading

Filled under : Ibiza Real Estate , Publicity
Author : lasanclas
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Changes in Spanish tax legislation as of 2013

TAX INCREASE Right at the beginning of 2013 tax increases were approved by the Spanish Government and the Government of the Balearic Islands which equally relate to resident and non-resident property buyers and owners: Real estate transfer tax for buyers  The new tax rate is between 8% and 10% and, … Continue reading

Filled under : Ibiza Real Estate , Legislation
Author : lasanclas
Comment Number : No Comment Yet
Tagged on : property taxes

Investments on Ibiza

Is it WORTHWHILE INVESTING in Real Estate in Ibiza? This is a question that can only be answered with a sound YES !  The Balearic Islands are different from the Mainland The real estate market in the Balearic Islands cannot be equated with that of the mainland. The statistical fluctuations … Continue reading

Filled under : Ibiza Real Estate
Author : lasanclas
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