Taxes & Finance in Mallorca
All Taxes & Finance in Mallorca
Anyone living in Mallorca or owning property there cannot avoid Spanish tax law — and it works quite differently from what most people are used to back home. Whether you are a tax resident or non-resident determines which taxes apply to you.
In this section you will find well-researched guides on IRPF, non-resident tax, Modelo 720 and double taxation agreements — up to date for 2026, with all the relevant legislation referenced.
Check gifts across national borders
Anyone wishing to gift a property in Mallorca should have the family relationship, the property's valuation and the required declaration checked. A Balearic tax relief does not automatically mean that no gift tax is payable in Germany. Other tax consequences of the transfer may also be relevant.
Read more about property in Mallorca. This overview is not legal or tax advice.