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Ibiza Optimista
Published in Ibicasa Magazine on 15/04/2024
Non-resident property owners in Ibiza must pay Income Tax and file an annual declaration using model 210. The tax is calculated on the cadastral value, with the base for th... READ MORE
Non-resident property owners in Ibiza must pay Income Tax and file an annual declaration using model 210. The tax is calculated on the cadastral value, with the base for the EU being 1.1% of that value, while for non-EU citizens, it is 24%. The self-assessment must be filed before December 31, an... READ MORE
There has been much talk in the press recently about the latest rulings stating that the banks should have to pay back to their customers at least part of the additional co... READ MORE
There has been much talk in the press recently about the latest rulings stating that the banks should have to pay back to their customers at least part of the additional costs of setting up a mortgage. Until recently, there was a clause in the general conditions of mortgage loans that determined ... READ MORE
An important concern for many homeowners in Ibiza is how their property will be inherited. The covenant known as an “succession agreement” (“el pacto sucesorio“) is a usefu... READ MORE
An important concern for many homeowners in Ibiza is how their property will be inherited. The covenant known as an “succession agreement” (“el pacto sucesorio“) is a useful instrument that serves to regulate property transmissions between relatives, and it can be treated from a fiscal point of v... READ MORE
Ibiza generally prohibits tourist rentals, but some landlords attempt to bypass this by formalizing seasonal leases exceeding a month. However, distinctions exist between s... READ MORE
Ibiza generally prohibits tourist rentals, but some landlords attempt to bypass this by formalizing seasonal leases exceeding a month. However, distinctions exist between seasonal leases and tourist rentals under different legal provisions. While tourist rentals are regulated by the Tourism Law o... READ MORE
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