Record Balearic tax revenue from property sales
More than half total revenue from the region's own taxes
Balearic government tax revenue from property sales in 2022 was the highest ever - 812.28 million euros, 18% more than in 2021 and also well above the government's forecast of 537 million.
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50% of the regions tax revenue coming from property tax... Does this include lawyers, real estate agents, builders, architects etc, this government is delusional if they believe they can live on a fraction of this revenue
Record tax collections from property sales....kiss goodbye to much of this very important part of the budget (50% of the island's revenue comes from property sales tax!!) if politicians promoting a ban on property sales to non residents get their way!!
Oh, the irony of this story. A huge proportion of the Balearic Government's income is made up of property sales tax, a high proportion of which comes from foreign and non-resident property sales. Meanwhile, various political parties pay lip service to banning sales to foreigners and non-island residents. You couldn't make it up.