Etiqueta 'Property transfer tax'
Increased tax on sales of luxury homes, but no rise in the tourist tax
The draft for the Balearics 2023 budget is being finalised.
Balearics - highest tax for luxury homes in the country
Proposals for property transfer tax reform are to be debated in parliament this week.
Tax cut being considered for purchase of "average-priced" homes
And a further increase in the tax on luxury properties is also being looked at.
Tax
Luxury home sales raise more tax revenue than the ecotax
The total tax raised on all home sales was just under 365 million euros.
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