The tax wheel in Spain is turning
The following are the most important facts regarding tax changes in 2023, for owners of real estate on Mallorca and for those who intend to become owners. The new government, elected in June 2023, introduced some changes at the beginning of the year and now promises tax relief and new opportunities for property buyers and touristic rental property owners. The conservative People's Party (PP) will, however, operate as a minority party and so will need to rely on the support of the right-wing populists of the Vox party.
New governmental pact in the Balearic Islands: Implications for property buyers and owners
Under the designated Balearic president Marga Prohens, the parties have agreed on a government programme that aims for diverse tax reductions.
In the area of property purchases, th...