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 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.