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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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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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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
Comment Number : No Comment Yet