Insights
Practical notes for owners and new residents
Short, practical pieces on the questions our clients ask most: what to file, when, and what happens if it is missed. Written by the same people who will pick up the phone.
5 November 2026
Buying a house in Mallorca for more than two million euros: the 13% band, the reference value and wealth tax from year one
Above two million euros, a purchase in Mallorca changes tax regime in three ways that the price alone does not show. The transfer tax enters its top band of 13%. The base may not be the price you agreed but the value the Cadastre has set for the property. And the house counts for wealth tax from the first 31 December, at the highest of three values. These are the figures, with the checks to run before you sign the deposit contract.
Read · 7 min read →21 October 2026
Selling your Mallorca home before year end: the 3% withholding, the municipal tax and the refund
Many sales in Mallorca close in the last quarter of the year, and non-resident sellers are usually surprised by the same three things. The buyer pays you only 97% of the price and sends 3% to the tax office. The tax on your gain is 19% of the gain, which can be more or less than that 3%. And the town hall sends its own bill for the rise in the value of the land. This is how each of them works, in what order, and where your money waits in the meantime.
Read · 7 min read →8 October 2026
Is Mallorca a tax haven? What a non-resident owner really pays
Mallorca is sometimes described as a tax haven, usually by people who have heard about its inheritance rules or about the Beckham regime. It is not one. Spain taxes property owners from the day they buy until the day they sell, whether or not they live here, and it exchanges information with the tax authorities of almost every country our clients come from. There are, however, two areas where the Balearic rules are genuinely generous. This is what a non-resident owner actually pays, with the figures we use every day.
Read · 9 min read →1 October 2026
Buying a house in Mallorca with a tourist licence (ETV): what to check before you sign
A house advertised with a tourist licence is priced above the same house without one, and with new licences as scarce as they are, the licence is often what the buyer is really paying for. It is not a document the seller hands over at the notary. It is an entry in a register kept by the Consell de Mallorca, and it depends on the house, on its papers and on how it has been used. These are the checks we run before a client signs the deposit contract, the contrato de arras.
Read · 8 min read →29 September 2026
Tax Form 210 after 20 October: the last quarterly rental return, and the new April calendar
Updated 21 October 2026. The return for the rent earned in July, August and September 2026 was due between 1 and 20 October, and it was the last rental return filed on the old quarterly dates. The fourth quarter, October to December, is no longer due in January but in April. A ministerial order published in June moves all rental income with tax to pay to a single deadline in April of the following year, and a new version of the form arrives on 1 January 2027. If you missed 20 October, file as soon as you can: a late return filed on your own initiative carries a surcharge that rises month by month. Here is how much it is, what changes in April, and what to keep from now on.
Read · 6 min read →22 September 2026
A tax residence certificate from HMRC is not enough: a 2026 Madrid judgment on dual residence
Many of our clients hold a certificate of tax residence from their home country and assume it settles the matter. A judgment handed down this year by the High Court of Justice of Madrid shows that it does not. An entrepreneur living in London, with a certificate from HMRC for every year, was held to be resident in Spain because the business and the money were here. The taxpayer ended up paying Spanish tax on worldwide income, without credit for the tax paid in Britain, and with penalties on top.
Read · 7 min read →19 September 2026
British, Swiss and American landlords: reclaiming Spanish tax paid on gross rent
If you let a property in Mallorca and live in the United Kingdom, Switzerland, the United States or anywhere else outside the European Union, Spain has taxed you at 24% on every euro of rent, with nothing deducted. An owner living in Germany or France pays 19% on what is left after expenses. In July 2025 the Audiencia Nacional held that the difference in the deduction of expenses is unlawful. The State has appealed and the Tribunal Supremo will decide, but a refund claim filed now keeps the open years alive, and those years close one quarter at a time.
Read · 7 min read →18 September 2026
Five mistakes that cost people the Beckham regime
The so-called Beckham Law, the special regime for workers moving to Spain, taxes employment income at a flat 24% up to 600,000 euros a year and leaves most foreign income outside Spanish tax for six years. It is one of the main reasons people choose to settle in Mallorca with a job. It is also easy to lose, and almost always for the same few reasons, none of which can be fixed after the fact.
Read · 6 min read →18 September 2026
Trusts and Spanish tax: property in Mallorca, beneficiaries in Spain
Trusts are a routine estate planning tool in the United Kingdom, the United States and many offshore jurisdictions. Spain has no equivalent. It has not ratified the Hague Convention on trusts and its civil law has no concept that splits ownership between a trustee and beneficiaries. The Spanish tax authority therefore looks through the trust to the people behind it, and the results often surprise families who set up the trust elsewhere.
Read · 7 min read →18 September 2026
Holding your Mallorca home through an LLC or a foreign company: what it costs in Spain
Buyers from the United States often arrive with an LLC already set up for the purchase, and German and Swiss buyers sometimes ask whether their GmbH or AG should hold the house. A company can make sense for a letting business with real substance. For a home you use yourself, Spain has rules aimed precisely at foreign companies that own Spanish property, and they tend to make the structure more expensive, not less.
Read · 6 min read →18 September 2026
A letter from the Spanish tax office: what it means and how long you have
Non-resident owners usually learn about a Spanish tax problem through a letter in Spanish, sometimes forwarded weeks late by a neighbour or the community administrator. The deadlines in these letters are short, and they run from the date of notification, not from the day you read it. Knowing which kind of letter you are holding is most of the answer.
Read · 6 min read →18 September 2026
How many days can you spend in Mallorca without becoming Spanish tax resident?
Many owners spend spring and autumn in Mallorca and would like to spend more. The question we hear most is how many days they can stay before Spain treats them as tax resident. The short answer is 183 in a calendar year. The longer answer matters more, because days are only one of three tests, and some days count even when you are not here.
Read · 6 min read →18 September 2026
The non-resident owner's year: a checklist for your Mallorca home
Owning a house in Mallorca from abroad comes with a short list of Spanish obligations that repeat every year, and a few that only appear when something changes. None is complicated on its own. The trouble starts when one is missed for several years and surfaces at the worst moment, usually when you sell. This is the list we work through with our owner clients.
Read · 5 min read →2 September 2026
Holding company and family office: what actually distinguishes them under Spanish law
A holding company is a legal structure with its own Spanish tax regime; a family office is not. What each one requires and where the two overlap.
Read on lexon.es ↗28 August 2026
Holiday letting in Mallorca: the ETV licence and the tax treatment of the activity
The ETV licence, tourist places and the taxation of holiday letting in Mallorca: property income or business, VAT, platform fees and stay tax.
Read on lexon.es ↗28 August 2026
The 100% inheritance tax relief in the Balearic Islands: what it actually covers, and how non-residents claim it
The scope of the 100% Balearic inheritance tax relief, the valuation conditions, the treatment of gifts and how non-resident heirs claim it.
Read on lexon.es ↗28 August 2026
Modelo 210: imputed income for non-resident property owners and the new 2026 deadlines
How imputed income is calculated for non-resident owners of Spanish property, which rate applies and how the new 2026 filing deadlines work.
Read on lexon.es ↗28 August 2026
Selling a property in Mallorca as a non-resident: the 3% withholding, the capital gain and the refund
How the 3% withholding works when a non-resident sells Spanish property, how the gain is computed, the deadlines and how to reclaim the excess.
Read on lexon.es ↗28 August 2026
Spain's inbound expatriate regime: what the so-called Beckham Law solves for a move to Mallorca, and what it does not
Conditions for Spain's article 93 inbound regime, the six-month election deadline, the 24% rate and the treaty residence problem it creates.
Read on lexon.es ↗28 August 2026
Spanish wealth tax for non-residents in the Balearic Islands: limited liability, the three million allowance and the solidarity tax
Limited liability, the three million Balearic allowance, foreign companies holding Spanish property and the solidarity tax on large fortunes.
Read on lexon.es ↗26 August 2026
Dissolution of co-ownership with a non-resident co-owner: when must you withhold 3%
If a co-owner is non-resident, whoever receives the property must withhold 3% and pay it in using form 211. If not, the property remains charged with the debt.
Read on lexon.es ↗26 August 2026
US LLC and Spanish tax residence
The Spanish tax authorities examine a US LLC with a single resident member. Reporting obligations, valuation rules and the residence and CFC risks left unresolved.
Read on lexon.es ↗12 May 2026
Taxation of succession agreements in the Balearic Islands: advantages and limits
The Balearic succession agreement: treatment under the transferor's income tax and the acquirer's inheritance tax, with Supreme Court case law.
Read on lexon.es ↗14 April 2026
Buying property in Spain as a non-resident: key tax issues in 2026
Tax guide for foreign buyers of property in Spain: Balearic transfer tax, the 3% withholding, non-resident income tax and the NIE. Specialists in Mallorca.
Read on lexon.es ↗20 March 2026
Family businesses letting property: the Supreme Court clarifies the employee requirement
When letting property counts as a business for inheritance and wealth tax purposes, and what the Supreme Court now requires of the employee.
Read on blog.vicensadvisors.com ↗19 March 2026
Tax incentives for buying a home in the Balearic Islands in 2026 (in Spanish)
Transfer tax, stamp duty and gift tax reliefs for buying a main residence in the Balearics, with the new limits for each island.
Read on blog.vicensadvisors.com ↗18 February 2026
Companies letting residential property: the special regime, corporate tax relief and the 4% VAT rate
Requirements of the special regime for entities letting homes, the relief in corporate income tax and the 4% VAT rate.
Read on blog.vicensadvisors.com ↗26 January 2026
Selling a let property: the Supreme Court clarifies how depreciation affects the gain
Supreme Court judgment 5416/2025 of 20 November changes how depreciation is taken into account when a rental property is sold.
Read on blog.vicensadvisors.com ↗25 January 2026
Non-EU/EEA landlords can deduct rental expenses: National Court judgment of 28 July 2025
The National Court recognises the right of landlords resident outside the EU and EEA to deduct the expenses of their Spanish rental income.
Read on blog.vicensadvisors.com ↗Book a call
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