Reply To: We own an apt. in mallorca . What is the cost to transfer his share to me.?

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.?

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John Thompson
Participant

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.