How High Is the Property Transfer Tax (ITP) on Ibiza?
24/11/2025
Buying property on Ibiza involves more than negotiating the ideal villa or finca. Understanding the Property Transfer Tax (Impuesto de Transmisiones Patrimoniales – ITP) is essential, especially for international buyers entering the Balearic real estate market. ITP applies exclusively to resale properties—not to newly built homes purchased directly from developers—and follows a progressive tax scale based on the final purchase […]








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