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.

Those of us who love the beauty of the island do not want to see it destroyed by uncontrolled building. Obviously, Balearic lawmakers and the local Ibiza government are of the same opinion. Therefore, it is ever more difficult to build a home on rustic land (“suelo rustico”).

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.