New taxes for Mallorcan properties 2016: what buyers and owners need to know
Those who are living on the island for quite some time know: at the turn of the year, there will be some „famous” taxes changes in the Balearic Islands. Starting the year, the islands also have a new government and consequently many things will change that are especially interesting for buyers and sellers of properties.
In our interview, Mr. Arne Seeger from the law office Dr. Früheck Abogados S.L.P. explains the most important changes that concern you as a resident or a non-resident, especially if you own a property or want to sell it.
Mr. Seeger, please tell us what will change for taxpayers as from 2016?
First of all, there is a change in the income tax, the so-called IRPF (Impuesto sobre la Renta de Personas Físicas). We have to distinguish between residents and ...
