Changes related to real estate auctions
by Ibiza-Legal
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In 2015, legislation regarding the forced sale of jointly-owned properties changed and the electronic judicial auction was brought in. This procedure is carried out online through the Auction Portal of the BOE State Agency and intends to allow a wider audience to participate in auctions, without the need to be physically present.

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Additional costs when buying and selling property
by Ibiza-Legal
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When you are buying a home, itis often the case that both buyer and seller do not pay enough attention to the additional costs incurred. In this article, we aim to inform you of the main taxes and expenses that are involved in this type of transaction.

When buying a property in Ibiza, the buyer will have to pay Value Added Tax (IVA) if it is a new build, and Property Transfer Tax (ITP) if it is a second-hand property and the seller is a physical person.

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