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.?

#225314
tomar
Participant

Hi.

If you own the apartment let’s say 50 -50 you can make a dissolution of the ownership.

This is different to make a sale or other transmission.

The difference are in the Taxes you gonna pay.

If he sales or gives his 50% to another 3rd person, then transmission tax (8 to 10%, depending of the value) has to be paid

But if you are dissolving a co-ownership you have to pay (Actos Jurídicos Documentados)  Stamp Duty Tax (1.2%) + plusvalía tax.

So, dissolving the co ownership is cheapest than another transmission.

Doesn’t matter if you are married or not.

 

Hope this helps: Toni M