Mallorca Property Tax Calculator

Discover the true cost of buying property in Mallorca with this property tax calculator and avoid any mis-calculations before buying a property in Mallorca.

Property Price (€) Enter the purchase price of the property (numbers only; commas are added automatically).

Property Type

Primary Residence

This will be my primary residence (qualifies for reduced rate if under €270,151.20)

Legal Fees (%) Average estimate - actual fees may vary depending on property complexity and lawyer.

Notary Fees (%) Estimate based on property value - fees are regulated but can vary slightly.

Land Registry Fees (%) Average estimate - actual registry fees depend on property value and documentation.

Note: This calculator provides estimates based on current tax rates in Mallorca. Actual costs may vary depending on specific circumstances. Always consult with a qualified legal professional for accurate advice.

A Property Tax Calculator for Spain

Use our fast, accurate property tax calculator to calculate all purchase taxes and buying costs for your Mallorca (or Spain) property.

How Property Taxes Work in Mallorca, Spain

Type of Property	Main Tax	Rate	Also Pay
Resale (second-hand)	ITP	8–13% (progressive)	Notary, registry, legal fees
New residential	VAT + AJD	10% + 1.5%–2%	Notary, registry, legal fees
New commercial/land	VAT + AJD	21% + 1.5%–2%	Notary, registry, legal fees

When you buy a property in Mallorca, there is more than the property’s asking price to consider. Here’s what you should know:

Transfer Tax (ITP): This is a tax for resale (second-hand) properties. The more expensive the property, the higher the tax rate.

VAT (IVA): This is a tax for new properties from a developer. You pay this instead of ITP for new builds.

Stamp Duty (AJD): This is another tax you pay when buying a new property, on top of VAT.

Notary & Land Registry Fees: These are official fees for handling the paperwork and registering the property.

Legal Fees: You will also pay a lawyer to help you with the purchase and check the contracts.

There are also yearly property taxes (like IBI), and possibly future taxes (like capital gains tax if you sell).

One-Time Taxes and Fees When Buying Property in Mallorca:

1. Transfer tax (ITP) for resale properties:

8% on the first €400,000
9% on €400,001 to €600,000
10% on €600,001 to €1,000,000
12% on €1,000,001 to €2,000,000
13% on amounts over €2,000,000.
Reduced rate: 4% for primary residences under €270,151.20 (if conditions are met).

2. VAT (IVA) on new properties:

10% for new residential properties
21% for new commercial properties or land.
VAT replaces ITP for new builds.

3. Stamp Duty (AJD):

1.5% of the sale price up to €1,000,000
2% if the sale price exceeds €1,000,000.
It is paid together with VAT for new properties.
4. Notary and Land Registry Fees:

Notary fees: Approx. 0.2%-0.5%

Land registry fees: Approximately 0.1%–0.5%

Fees depend on property value and complexity.

5. Legal fees:

Usually 1%-1.5% of the purchase price.

This covers contract checks, due diligence, and advice.

Ongoing Annual Property Taxes in Mallorca:

IBI (Impuesto sobre Bienes Inmuebles): Local property tax
The tax rate is between 0.4% and 1.1% of the cadastral value, which is the government-assessed value. IBI is paid yearly by all property owners, and the amount varies by municipality.

Wealth Tax:

Applies if total assets in Spain exceed €3 million.

It ranges from 0.2% to 3.5%, with €700,000 exempt for primary residences.

Non-Resident Income Tax:

If you don’t live in Spain full-time:

19% for EU/EEA residents
24% for non-EU residents.

This tax applies to rental income or deemed income on empty properties.

Your Property Tax Questions Answered

Does Spain have a property tax?

Yes, Spain has both a one-time property transfer tax when you buy and an annual property tax (IBI) for owners.

How much tax do you pay when buying a property in Spain?

For annual ownership, the IBI tax rate is between 0.4% and 1.1% of the cadastral value.

For purchases, total acquisition taxes range from 8% to 13% (ITP) for resales, or 10% to 21% VAT plus 1.5% to 2% stamp duty for new properties.

What is the property tax in Spain?

In Spain, there are three main taxes to consider when buying property:

IBI: Annual municipal property tax

ITP: Tax on resale purchases

VAT (IVA): Tax on new property

Wealth and non-resident taxes may also apply.

What taxes do you pay when selling a property in Spain?

Capital gains tax on profits:

19%-26% for residents

19% for EU/EEA nonresidents

24% for non-EU residents.

Plusvalía municipal is a local tax on land value increase.

What is the IBI property tax in Spain?

IBI (Impuesto sobre Bienes Inmuebles) is the annual municipal property tax based on the cadastral value (not the market value) and is usually 0.4%-1.1%.

How do you pay property tax in Spain?

The local council bills IBI; you can pay online, by bank transfer, or at local offices.

Purchase taxes (ITP, VAT, and AJD) are paid at the time of signing the public deed.

How can I avoid capital gains tax on my property in Spain?

Exemptions may apply if you are reinvesting in another main residence (as a resident) or if you are over 65 and selling your primary home.

Get legal advice for your situation.

Still have questions?

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