Wealth tax cut gives Mallorca real estate sector a boost
It will only be eliminated for assets of less than three million euros
The Mallorcan property market is attracting major global interest. | Majorca Daily Bulletin reporter
Palma20/12/2023 10:24
The ruling Partido Popular Balearic government has accepted the amendment presented by Vox to exclude those with assets of less than three million euros from paying wealth taxes.
Also in News
- Spain at boiling point over eggs!
- Now there's a proposal for a fifteen-year residency requirement to buy a home in the Balearics
- Ryanair launches subscription that waives fees for reserved seats and insurance
- A Good Friday. Britain's biggest cruise ship heads for Palma for Easter
- Super luxury British hotels set to open in Mallorca this summer
1 comment
To be able to write a comment, you have to be registered and logged in
...a little more info would be really helpful here - especially the effective date - does this change apply to our tax returns for tax year 2023??