
The Spanish government agreed a reduction of 50% on capital gain tax for all properties acquired between 12.05.2012 and 31.12.2012. The reduction will be applied on all property sales in future, without time limit. The new legislation is valid for all kind of owners; legal people, companies, residents and non-residents. At the moment, the capital gain tax is 21% for legal people and 30-35% for companies.
Now is the time to invest in property in Mallorca or Ibiza and save taxes when selling in future!
During the past 25 years the company Kühn & Partner is one of the most important real estate in Balearic Islands, specializing in luxury real estate and luxury property in Mallorca and Ibiza. With more than 3,500 luxury homes (villas, houses, apartments, penthouses, etc. ..), many of them in exclusive range of luxury properties as "Premium Selection", 12 offices in Mallorca and Ibiza, and a sales team of over 100 specialized real estate agent we find your new home!
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