Spanish Property Insight › Forums › Spanish Property Forums › Property Questions & Answers › We own an apt. in mallorca . What is the cost to transfer his share to me.? › Reply To: We own an apt. in mallorca . What is the cost to transfer his share to me.?
If you’re tax resident in Spain I believe a liability for CGT for both parties arises on completion of the transfer, regardless of whether there is any monetary consideration involved – the Spanish taxman will use the deemed market value of the property as the basis of calculation of said liability.