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.?

#225448
macgd016
Participant

Hi Toni,

Your view on dissolving a co-ownership looks quite attractive but if no money changes hands wouldn’t the person taking full ownership have to pay Gift Tax on 50% of the value?