What will buying in Mallorca really cost?
Enter the price and see every tax and fee you pay on top of it: transfer tax or VAT, stamp duty, notary, land registry and legal fees.
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Enter the price and see every tax and fee you pay on top of it: transfer tax or VAT, stamp duty, notary, land registry and legal fees.
A home bought from its current owner pays transfer tax (ITP).
Uses the standard 2026 rates in the Balearic Islands. Lower rates can apply when the home will be your main residence and its value is under a set limit, especially for buyers under 36. Notary and land registry fees follow official scales, so those two figures are estimates.
€75,875
About 10.1% of the price · €825,875 in total
General information, not legal or tax advice. This is a rough estimate. What you actually pay depends on you and on the property, so speak to a lawyer before you commit to a purchase.
Transfer tax is charged on the price you pay or the property’s official reference value (valor de referencia), whichever is higher.
If the seller doesn’t live in Spain, you hold back 3% of the price and pay it to the tax office for them. It comes out of the price, not on top of it.
New homes pay 10% VAT. Plots and commercial premises pay 21%, and so can a parking space bought on its own.
After completion come IBI, community fees and, if you don’t live in Spain, a yearly tax return even if you never rent the property out.
Read the buying guide