Many of our clients purchasing second homes in Ibiza express an interest in leasing their properties when not personally occupying them, especially during the lucrative high summer season. To rent out officially, a rental license is necessary, which can be applied for at the town hall. Certain criteria must be met by the villa, as outlined below. Tax on rental income in Ibiza If you are a...
Embarking on the Exciting Journey of Off-Plan Property Purchase in on of your favourite islands: Formentera, Ibiza, Mallorca, Menorca. 1. Safeguarding Your Investment: It's smart to wonder what happens to your deposit if the developer faces financial issues. To add an extra layer of protection, ask for a bank guarantee. This ensures you still have access to your funds even if the developer goes...
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