The Immowiki explains important terms relating to buying property, purchase contracts, land register, land registry, taxes, financing, building law and permits on Mallorca. This makes Spanish technical terms, processes and abbreviations easier to understand - for buyers, owners, developers and landlords on the island.
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The Acta de notoriedad is a notarial procedure for establishing generally recognized facts. In the real estate context, it is used when evidence for a land register entry is missing or the ongoing chain of registration is interrupted. The procedure should always be accompanied by legal counsel.
An Agente inmobiliario is a real estate agent. In Mallorca, he accompanies the sale, viewing, negotiation and communication between buyer and seller. However, his work does not replace an independent legal, tax or building inspection of the property.
Consolidation of properties, association of properties.
Altura máxima means specification of the maximum building height. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.
The Certificado de Eficiencia Energética is the energy performance certificate. It must be presented when selling or renting a property. The document assesses energy efficiency and provides information on consumption, building condition and possible improvements.
The Cédula de habitabilidad is the certificate of habitability. It confirms that a property meets certain minimum requirements for residential use. In Mallorca, it can be important for selling, renting, utility contracts and the legal valuation of a property.
Certificate - issued by the bank if the purchase price was paid in foreign currency.
Certificate of non-resident status.
The Código Civil is based on the Civil Code of 1889 and is comparable to the German Civil Code.
The Comunicación previa simple is a simplified notification for minor construction or renovation work. It is submitted to the municipality; work can often begin after submission. The scope and requirements must be checked by the municipality.
The Comunicación previa compleja concerns more extensive work that does not yet require approval in the simplified procedure. Depending on the municipality, it may be relevant for façade, roof or technical interventions. Deadlines, documents and responsibilities should be clarified before work begins.
Board of directors of a private urbanization, elected by the assembly of owners.
Right of retention, applies in the event of default by a contracting party.
Derecho de retracto means right of withdrawal. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.
Surface right, similar to the German heritable building right.
Dinero means money. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
A penalty or attachment placed on the property. Which makes the sale more difficult.
Fecha means date, deadline. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
In Spain, finca refers to a plot of land or a real estate unit. In everyday life, the term is often used in Mallorca for rural properties. However, the cadastre, land register, use, buildability and permit situation are decisive.
Finca registrada means registered property. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Contract clause on cost allocation.
Building right application, by which information is requested on the buildability of land and individual building right standards.
Memoria de calidades y mediciones means building certificate. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Negociar means to negotiate / deal. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Negociable means negotiable. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.
The NIE is the identification number for foreigners in Spain. It is practically indispensable when buying real estate, for tax matters, bank accounts, notary appointments and many administrative acts.
N.I.F., número de identificación fiscal means tax number. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
No residente refers to a person without tax residence in Spain. Property owners without resident status are subject to special tax obligations, for example when using, renting or selling their property.
Obligación de casco means compulsory helmet. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Down payment - often in connection with rental properties.
Parcela means plot of land. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Partición means sharing. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Partial development plan of the municipality, urbanization plan.
Planta means floor. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Poseedor means owner. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Promoter means developer / project developer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Confirmation of a foreign deed (with apostille and certified translation) by recording it before a Spanish notary or consul.
Final building acceptance, particularly important for the start of warranty periods.
Residente means a person residing in Spain. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Residuos sólidos means recycling fees. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Spanish company form, comparable to the German stock corporation.
Limited liability company, comparable to the German GmbH.
Segregación de fincas means segregation of a part of a property. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Se vende means to sell. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Solar means plot of land. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Solar / finca rústica means a plot of land in a rural setting. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Solar urbano means urban plot. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Transferencia means transfer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Urban development of a housing estate.
Private development community, mostly for the construction of villa complexes.
Uso means permitted use. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.
Uso de oficinas means use as office space. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Uso residencial means residential area. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Valor real means real value. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.
Commercial area without residential development.
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Albañil means bricklayer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Construction & approval in MallorcaThe aparejador, today usually referred to as an arquitecto técnico, is a technical construction specialist. He monitors execution, construction quality, safety requirements and technical documentation. In new builds, refurbishments and major renovations on Mallorca, his role is often central to approval, construction progress and acceptance.
More about Construction & approval in MallorcaArrendamiento de obra refers to a contract for work, for example with craftsmen, construction companies or project partners. The decisive factor is not only the work performed, but also the agreed result. For construction and renovation projects in Mallorca, the scope of services, deadlines, warranty and payment plan should be set out in writing.
More about Construction & approval in MallorcaThe arquitecto is the architect. He plans buildings, draws up designs and, depending on the project, submits the necessary documents to the municipality. For new builds, conversions or structural interventions on Mallorca, he is often the central interface between the client, the authorities and the execution.
More about Construction & approval in MallorcaThe Boletín eléctrico is the certificate of a proper electrical installation. It is issued by a licensed specialist company and may be required for electricity connections, contract amendments or renovations. It should be checked at an early stage for older properties in Mallorca.
More about Construction & approval in MallorcaIs the architect's proof/certificate of individual construction progress of the building.
More about Construction & approval in MallorcaArchitect's certificate of acceptance/completion of construction.
More about Construction & approval in MallorcaCertificate from the municipality regarding the acceptance/completion of construction.
More about Construction & approval in MallorcaAlso found under COAIB, it refers to the Chamber of Architects.
More about Construction & approval in MallorcaThe Chamber of Technical Architects.
More about Construction & approval in MallorcaConstructor means building contractor, developer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Construction & approval in MallorcaContratista means construction company. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Construction & approval in MallorcaThe Declaración de obra nueva is the declaration of a new building or a significant structural alteration for entry in the land register. It combines construction work, technical documentation and registration. Without correct registration, subsequent sales can be made more difficult.
More about Construction & approval in MallorcaThe Delegación de urbanismo is the building and urbanism department of the municipality. It processes information on building feasibility, building applications and urban planning regulations. In Mallorca, the administrative practice of the respective municipality often determines the speed and process.
More about Construction & approval in MallorcaThe Demarcación de Costas is the coastal protection authority. It is responsible for issues relating to the coastline, protection strips and uses near the sea. Its relevance is particularly high for properties in the first line or near the coast.
More about Construction & approval in MallorcaAdministrative procedure for determining the boundary between the seashore and the interior of the country.
More about Construction & approval in MallorcaEdificabilidad máxima refers to the maximum permitted buildability of a plot of land. It determines how much area may be built in relation to the plot. This value is decisive for buyers of building plots in Mallorca.
More about Construction & approval in MallorcaElectricista means electrician. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Construction & approval in MallorcaPlumber or installer of sanitary facilities.
More about Construction & approval in MallorcaLicencia de obras means building permit. It is required for construction work that requires authorization and is issued by the municipality. In Mallorca, the documents, processing time and administrative practice vary depending on the Ayuntamiento.
More about Construction & approval in MallorcaThe Licencia de obra menor relates to minor construction or repair work without significant intervention in the structure or use. The exact classification depends on the municipality and the project.
More about Construction & approval in MallorcaThe Licencia de obra mayor is the permit for larger construction projects, particularly for new builds, extensions or interventions in load-bearing structures. It usually requires technical project documentation.
More about Construction & approval in MallorcaThe Licencia de primera ocupación is the first occupancy permit. It confirms that a new build or significant conversion has been completed in accordance with approved documents. It can be relevant for occupation, sale and supply connections.
More about Construction & approval in MallorcaObra means construction or building site. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Construction & approval in MallorcaMaximum permissible covered area.
More about Construction & approval in MallorcaPerito de Obra means building expert. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Construction & approval in MallorcaAuthorization for construction work from application.
More about Construction & approval in MallorcaThe proyecto básico is the architect's basic project for a building project. It describes the essential planning data and often serves as the basis for approval.
More about Construction & approval in MallorcaThe proyecto de ejecución is the implementation project. It contains the technical details for the construction work and supplements the basic project. It is usually decisive for the actual start of construction on larger projects.
More about Construction & approval in MallorcaMinimum distance between the property development and the neighboring property.
More about Construction & approval in MallorcaGreen spaces or nature reserves.
More about Construction & approval in MallorcaUrbanismo refers to the area of building regulations, urban planning and use under building law. In Mallorca, it is central to building development, permits, types of use and municipal regulations.
More about Construction & approval in MallorcaYesero / Yesaire means plasterer or gypsum plasterer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
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The Ayuntamiento is the town hall or municipal administration. For real estate in Mallorca, it is responsible for building applications, municipal taxes, licenses, urbanism information and local regulations, among other things. The practice can vary significantly depending on the municipality.
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The Comunidad de propietarios is the community of owners of a residential complex or building. It decides on communal areas, contributions, rules and maintenance. Buyers should check the minutes, debt status and planned special levies before buying.
Joint ownership of a property or real estate.
the share in a community of co-owners; at the same time the basis of assessment for the community's contributions.
The Ley de Propiedad Horizontal is the Spanish condominium law. It regulates communities of owners, common areas, resolutions, cost shares and obligations of owners.
Propiedad means property. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Propiedad horizontal means home ownership. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Propietario means house owner, proprietor. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Declaration of division of common property.
Servidumbre is an easement, such as a right of way, pipeline right or right of use in favor of a third party or another property. Such rights should be checked in the land register and on site before purchase.
Servidumbre de tránsito means right of way. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Usufructo means misuse. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
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Comunidad de herederos means community of heirs. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
This is the document that proves the succession.
The appointment of one or more heirs.
Legítima means compulsory part. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
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A surety is a guarantee or bank guarantee. In the real estate sector, it can serve as security for payments, construction work or obligations. Buyers and builders should check who is providing the guarantee, for what amount and under what conditions the guarantee can be drawn.
More about Financing in MallorcaBanco means bank. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Financing in MallorcaHipoteca means mortgage. It is used to finance a property and is entered in the land register. Buyers should carefully check the interest rate, costs, term, early repayment rules and the required pre-contractual information sheets.
More about Financing in MallorcaThe FIPRE contains general pre-contractual information on a mortgage loan. It is not personalized and is not binding, but is suitable for an initial comparison of bank offers.
More about Financing in MallorcaThe FEIN is the personalized European information sheet for a mortgage loan. It contains the specific loan conditions and is much more binding for the borrower than general advance information.
More about Financing in MallorcaThe FIAE is a standardized warning and information sheet for mortgages. It draws attention to key risks and clauses, such as reference indices, early repayment or special contractual conditions.
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An acta notarial is a notarial deed that documents facts or declarations. In the real estate sector, it can be relevant for evidence, entries or certain proceedings before the land registry. It does not automatically replace a purchase contract, but can be important for the legal documentation of a transaction.
More about Land register & cadastre in MallorcaAfecciones registrales are references in the land register to possible tax or legal encumbrances. They show that a property may still be liable for back taxes or other claims under certain circumstances. Buyers should have such entries checked before signing.
More about Land register & cadastre in MallorcaAlta catastral means cadastral office. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Land register & cadastre in MallorcaNotes in the land register on existing/registered deeds.
More about Land register & cadastre in MallorcaThe Asiento de presentación is a provisional entry in the land register. It secures the sequence of a submitted deed and can protect buyers during processing. Its effect is limited in time and should be carefully observed during the purchase process.
More about Land register & cadastre in MallorcaNotes the deletion of a charge in the land register.
More about Land register & cadastre in MallorcaPrivate application to correct the land register due to succession.
More about Land register & cadastre in MallorcaMarginal note with which the deletion of registered rights is noted in the land register.
More about Land register & cadastre in MallorcaThe Nota Simple is an informative extract from the land register. It shows the owner, property description, encumbrances, rights and possible restrictions. It is one of the most important documents to check before buying a property in Mallorca.
More about Land register & cadastre in MallorcaThe notario is the Spanish notary. He notarizes the purchase contract and checks the formal requirements. However, he is not a representative of the buyer's interests; the individual examination should be carried out by a lawyer, tax consultant or expert.
More about Land register & cadastre in MallorcaThe Registro de la Propiedad is the Spanish land registry. Ownership, rights, encumbrances and certain deeds are registered there. For buyers, the current status of the register is a central basis for verification.
More about Land register & cadastre in MallorcaReferencia catastral / UTM means cadastral number. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.
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Amueblado means furnished. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Ascensor means elevator. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Casa means house. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Casa adosada means terraced house. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Villa, detached house with plot.
Cocina means kitchen. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Dormitorio means bedroom. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Garaje means garage. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Habitación means room. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Jardín means garden. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Patio means inner courtyard. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Piso means apartment. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Piscina means swimming pool. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Views for example:vistas al mar means sea view.
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An abogado is a Spanish lawyer. When buying a property in Mallorca, he checks contracts, land register extracts, tax issues and possible encumbrances on the property. Buyers from abroad in particular should not confuse the legal examination with the notarial certification: The notary documents the transaction, the lawyer represents the interests of the client.
More about Purchase & contract in MallorcaArras refers to a down payment or additional payment when buying real estate in Spain. It is often regulated in the private preliminary contract. Depending on the agreement, the buyer may lose the payment if he withdraws; if the seller withdraws, a repayment of double the amount may be provided for.
More about Purchase & contract in MallorcaComprador means buyer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Purchase & contract in MallorcaA condición resolutoria is a resolutive condition. If a certain event occurs, a contract can be canceled or reversed. In the case of real estate purchases, for example, it can be relevant in the event of non-payment or unfulfilled contractual conditions.
More about Purchase & contract in MallorcaA condición suspensiva is a condition precedent. Rights or obligations only arise when a certain event occurs, such as financing, approval or document review. Such clauses are particularly important in purchase contracts.
More about Purchase & contract in MallorcaContrato means contract. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Purchase & contract in MallorcaThe contrato de opción is an option contract. It gives the buyer the right to purchase a property under fixed conditions for an agreed period of time. The option amount, deadline, withdrawal and set-off against the purchase price must be clearly regulated.
More about Purchase & contract in MallorcaThe Contrato privado de compraventa is a private purchase contract prior to the notarial escritura. It can already trigger binding obligations. Buyers should have it legally checked before signing, in particular the payment plan, charges, deadlines and rights of withdrawal.
More about Purchase & contract in MallorcaCuerpo cierto describes the purchase of a property as a concretely known object. It is similar to "bought as seen". Particularly in the case of existing properties in Mallorca, it should nevertheless be clarified which defects, areas and permits have been secured.
More about Purchase & contract in MallorcaNecessity of public notarization of private deeds before entry in official registers.
More about Purchase & contract in MallorcaThe Escritura pública de compraventa is the notarial deed of purchase. It is used to publicly notarize the property purchase and is then entered in the land register. It should match the private purchase contract, proof of payment and register data.
More about Purchase & contract in MallorcaNotarial deed of acceptance of inheritance.
More about Purchase & contract in MallorcaIn Spain, a gestoría takes care of administrative processes, administrative procedures, tax forms and document management. It can provide practical support when buying a property, but is no substitute for an independent legal or building inspection.
More about Purchase & contract in MallorcaOpción de compra means purchase option. It gives the beneficiary the opportunity to purchase a property within a fixed period on agreed terms.
More about Purchase & contract in MallorcaPoder means power of attorney. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Purchase & contract in MallorcaPrecio means price. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Purchase & contract in MallorcaCertified copy of the deed of sale, also called "escritura".
More about Purchase & contract in MallorcaSaneamiento refers to warranty or liability for defects or defects of title. When buying a property, it is important to know which claims exist and which risks are contractually excluded.
More about Purchase & contract in MallorcaWarranty insurance for construction defects in the structure.
More about Purchase & contract in MallorcaSeñal is a deposit or reservation payment. In practice, the term often overlaps with arras. The decisive factor is what legal effect the payment has in the contract.
More about Purchase & contract in MallorcaTaking possession of a property - for example by handing over the keys.
More about Purchase & contract in MallorcaVendedor means seller. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
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Alquiler means rent. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Arrendador is the landlord. The term appears in rental contracts and describes the party that lets a property, apartment or commercial space for use. When renting in Mallorca, the duration of the contract, deposit, use and tax obligations must be clearly clarified.
Contrato de arrendamiento means rental agreement. It regulates the rental period, payment, deposit, use, additional costs and rights of the parties. In Mallorca, a clear distinction must be made between residential rentals, seasonal rentals and tourist rentals.
Contrato de arrendamiento por temporada means seasonal rental contract. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
Fianza means deposit. In tenancy law, it serves as security for claims arising from the tenancy. The amount, deposit and repayment depend on the type of contract and legal requirements.
The Ley de Arrendamientos Urbanos is the Spanish tenancy law. It is central to residential rentals and certain tenancies. Seasonal rentals, tourist rentals and long-term residential rentals must be clearly separated.
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AJD stands for Impuesto de Actos Jurídicos Documentados, the Spanish notarization or stamp duty. It is payable on certain notarial deeds, such as the purchase of a new building, mortgage or other documented legal transactions. The exact application depends on the transaction and the autonomous community.
More about Taxes & costs in MallorcaDelegación de Hacienda means tax office. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Taxes & costs in MallorcaNational administration of the Ministry of Finance.
More about Taxes & costs in MallorcaIBI is the annual Spanish property tax. It is levied by the municipality and is based on the cadastral value. Buyers should check whether previous IBI payments are outstanding before purchasing.
More about Taxes & costs in MallorcaImpuestos means to control. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Taxes & costs in MallorcaNotarization tax is also known as stamp duty and is often listed under AJD.
More about Taxes & costs in MallorcaThe ITP is the real estate transfer tax on the purchase of used real estate. It is applied to the tax-relevant value or purchase price. In Mallorca, it is one of the most important additional costs when buying a property.
More about Taxes & costs in MallorcaICIO is a municipal tax on building projects, installations and construction work. It is incurred in connection with permits or notifications. The amount and calculation depend on the municipality and project costs.
More about Taxes & costs in MallorcaWealth tax (no longer levied since 1.1.2009).
More about Taxes & costs in MallorcaI.R.P.F., impuesto sobre la renta de las personas físicas means income tax. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Taxes & costs in MallorcaI.S., impuesto sobre sociedades means corporation tax. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Taxes & costs in MallorcaImpuesto sobre sucesiones y donaciones means inheritance and gift tax. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Taxes & costs in MallorcaImpuestos estatales means state taxes. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.
More about Taxes & costs in MallorcaImpuestos y tasas municipales means municipal taxes and duties. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.
More about Taxes & costs in MallorcaIVA is the Spanish value added tax. When buying real estate, it mainly applies to new buildings or certain commercial transactions. In the case of second-hand properties, the real estate transfer tax ITP is usually applied instead of IVA.
More about Taxes & costs in MallorcaPersonal obligation for resident taxes.
More about Taxes & costs in MallorcaLimited tax liability (non-residents).
More about Taxes & costs in MallorcaThe Plusvalía municipal is a municipal tax on the increase in land value. It is typically payable on sale, inheritance or donation. The municipality is responsible.
More about Taxes & costs in MallorcaTasa means fees. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Taxes & costs in MallorcaTasa de recogida domiciliaria de basura means the municipal garbage fee. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.
More about Taxes & costs in MallorcaThe Valor catastral is the cadastral value of a property. Among other things, it serves as the basis for municipal taxes such as IBI. It does not automatically correspond to the market value.
More about Taxes & costs in MallorcaThe value assumed by the tax authorities as the basis for property taxation.
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