Costs, Taxes & Financing
Realistically plan ancillary purchase costs, ongoing costs, taxes and financing when buying property in Mallorca.
7.1 Total Costs of a Mallorca Property
What international buyers of high-quality properties in Mallorca should realistically plan for in addition to the purchase price.
7.2 Purchase Ancillary Costs When Buying Property in Mallorca
Which one-time costs buyers should realistically plan for when purchasing a resale property or a new build in Mallorca.
7.3 ITP and Property Transfer Tax on Mallorca
How Spanish property transfer tax is calculated on Mallorca, when ITP applies instead of IVA, and the role of the Valor de Referencia.
7.4 Ongoing Costs After Buying a Property in Mallorca
Which annual and monthly costs international buyers should realistically plan for after the notary appointment.
7.5 Taxes for Non-Residents with Property on Mallorca
What owners without Spanish tax residency should know about IRNR, Modelo 210, owner-occupation and renting.
7.6 Wealth Tax and Larger Real Estate Assets
When the Spanish Wealth Tax and Solidarity Tax for Wealthy Mallorca Buyers Become Relevant.
7.7 Financing and Mortgages in Mallorca
How international buyers plan a Spanish mortgage, which documents banks review, and why Tasación, equity, and liquidity reserve are crucial.