Puigpunyent / Property / Buying costs
Calculator · Balearic rates 2026
What buying
really costs.
On top of the price, buying a home in Mallorca means transfer tax or VAT, plus notary, land registry and legal fees. On a valley home of around €1 million that is roughly another 10% to 12%. Work out your own figure below.
Calculator
Your purchase
costs.
An estimate for planning, not tax advice. Your notary or lawyer will confirm the exact figures.
How it works
The taxes
explained.
Resale: transfer tax (ITP)
Paid by the buyer on second-hand homes and land. In the Balearic Islands it is progressive: each slice of the price is taxed at its own rate.
- Up to €400,0008%
- €400,000 to €600,0009%
- €600,000 to €1 million10%
- €1 million to €2 million12%
- Over €2 million13%
The tax is charged on the higher of the price and the official reference value set by the Catastro.
New build: VAT and stamp duty
Buying a new home from a developer, you pay 10% VAT plus 1.5% stamp duty (AJD) on the deed instead of ITP.
Lower rates for some buyers
Reduced rates of 4% or 2%, and in some cases full relief, exist for a main home below the island's value limit (about €332,000 in Mallorca from June 2026), young buyers, large families and other cases. Few homes in the valley fall under that limit, but ask your adviser.
Next steps
Before
you offer.
- The marketWhat homes really ask in the valley. Market report
- The checklistLegal status, licences, water and access. Free buyer's guide
- A project?What you may build or change. Ask an architect · land
- Rental income?Holiday rental licences
- Find the homeHomes for sale · off-market register
Rates checked in October 2026 (Decreto legislativo 1/2014, art. 10, as amended). The notary, registry and lawyer figures are adjustable estimates, not quotes. Not tax advice; confirm with the Balearic tax agency (ATIB) or your adviser. Sources: Guía Fiscal, TaxDown, Mallorca.com.