The Council of Ministers recently approved the Real Estate Credit Bill which aims to reduce the costs associated with changes in mortgage contracts and strengthen transparency in property purchase processes. The proposed regulation lowers the commissions for early cancellation of variable rate loans until they are eliminated after five years of the contract’s validity. The […]Continue reading

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Summary of the correct way to tax for single-family homes with valid or provisional license registered in the Ministry of Tourism of the Balearic Government. First, we must consider that the rent and sale of housing is in principle exempt from VAT. However, section “e’” of article 20.1.23ºb of the LIVA establishes that this exemption […]Continue reading

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