Look beyond property to unlock investment potential in Mallorca
While property offers potentially higher long-term returns, this is not guaranteed. You also need to consider the ongoing costs of maintaining and renting out property, plus tax implications, to establish the real returns.
![Take personalised advice to establish how much you could improve your tax situation in the Balearics](https://uh.gsstatic.es/images/placeholder-preview.webp)
Take personalised advice to establish how much you could improve your tax situation in the Balearics
Take personalised advice to establish how much you could improve your tax situation in the Balearics.
How investment capital and income is taxed in Spain – Part 2
If you transfer or sell cryptocurrency, any gains would be subject to Spanish capital gains tax at savings income rates ranging from 19% up to 28%.
Balearics reduces wealth tax
In welcome news, the government of the Balearics autonomous region announced significant changes to the wealth tax allowances in December.
Determining and proving domicile
To acquire a domicile of choice you must be physically present and tax resident in your new country and intend to live there permanently or indefinitely.
BRANDED CONTENT
Tax deadline looms for non-resident property owners
Even though these non-resident owners don’t receive any rental income from their second home in Spain they still have to pay an annual tax on the property
![Inheritance tax in Spain](https://uh.gsstatic.es/images/placeholder-preview.webp)
Inheritance tax in Spain
A pensioner walking on a beach in Spain.
![Once you are resident in Spain, most UK pension income is only taxed here](https://uh.gsstatic.es/images/placeholder-preview.webp)
Once you are resident in Spain, most UK pension income is only taxed here
Once you are resident in Spain, most UK pension income is only taxed here.
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"