How much transfer tax do you pay in Illes Balears?

The general rate for buying a resale home is 8% up to €400,000 · 9% up to €600,000 · 10% up to €1,000,000 · 12% up to €2,000,000 · 13% from €2,000,000. A progressive scale: each band is taxed at its own rate, as with income tax.

What if I buy a new build in Illes Balears?

You will pay IVA at 10% plus stamp duty, whose general rate is 1,5%.

What value is it calculated on?

Since Ley 11/2021 the taxable base is the Catastro reference value whenever it exceeds the price stated in the deed. The Constitutional Court upheld this unanimously in its ruling 13/2026 of 12 February. If the reference value is lower, the declared price applies.

Transfer tax in Illes Balears

General rate of 8% up to €400,000 · 9% up to €600,000 · 10% up to €1,000,000 · 12% up to €2,000,000 · 13% from €2,000,000 when buying a resale home. A progressive scale: each band is taxed at its own rate, as with income tax.

Calculate your transfer tax

Autonomous community

Purchase price

Catastro reference value (optional)

The tax office calculates the tax on the reference value whenever it exceeds the price you pay.

It is a new build (you pay VAT instead of transfer tax)It will be my main home

Age

Does any of this apply to you?

Large familySingle-parent familyDisability (33% or more)

Transfer tax (ITP)

€8,000

Main home up to €270,151.20 · 4.00% on €200,000

You save €8,000 against the general rate.

You are close to a lower rate

First home for buyers under 36

€4,000

Depends on your age.

Disability allowance for ascendants or descendants

€4,000

Only for people with a disability.

The transfer tax is only one part. What can really cost you money are charges, debts and differences between the listing and the Catastro.

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This calculation is indicative and may contain errors. The rates come from , reviewed on . Always check the information with a qualified professional before making important decisions.

Reduced rates in Illes Balears

Main home up to €270,151.20

The value may not exceed €270,151.20.
You must acquire at least 50% of the home.
You may not hold 50% or more of any other home.

First home for buyers under 36

Under 36 and it must be your first home.
You must acquire at least 50% of the full ownership or the right of use.
Maximum value of €270,151.20.

Disability allowance for ascendants or descendants

Being entitled to the income-tax disability allowance for ascendants or descendants.
Maximum value of €270,151.20.

Large or single-parent family

2% up to €270,151 · 8% from €270,151

Main home of the parent or parents living with the children in their custody.
The maximum value depends on the applicable regional order; for general-category single-parent families it may not exceed €270,151.20.

Frequently asked questions

How much transfer tax do you pay in Illes Balears?: The general rate for buying a resale home is 8% up to €400,000 · 9% up to €600,000 · 10% up to €1,000,000 · 12% up to €2,000,000 · 13% from €2,000,000. A progressive scale: each band is taxed at its own rate, as with income tax.
What reduced rates are there in Illes Balears?: Main home up to €270,151.20: 4%. First home for buyers under 36: 2%. Disability allowance for ascendants or descendants: 2%. Large or single-parent family: 2% up to €270,151 · 8% from €270,151.
What if I buy a new build in Illes Balears?: You will pay IVA at 10% plus stamp duty, whose general rate is 1,5%.
What value is it calculated on?: Since Ley 11/2021 the taxable base is the Catastro reference value whenever it exceeds the price stated in the deed. The Constitutional Court upheld this unanimously in its ruling 13/2026 of 12 February. If the reference value is lower, the declared price applies.

Source

Decreto Legislativo 1/2014 (TR de tributos cedidos de les Illes Balears), art. 10, in force since 6/14/2026. Last reviewed: 9/6/2026.

Read the official text

Transfer tax in other regions

Álava Andalucía Aragón Asturias Bizkaia Canarias Cantabria Castilla y León See all 21

And what the deed does not say?

You can calculate the tax. Charges, the seller's debts or square metres that do not match the Catastro, you cannot. Our AI reviews them and explains it to you.

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