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Go Back   Pollensa Forum > BEFORE YOU GO > Hotels, Villas & Apartments in Pollensa & Cala San Vicente

Hotels, Villas & Apartments in Pollensa & Cala San Vicente Discuss hotels, aparthotels, private villas, apartments and any other type of accommodation in the Pollensa area including Cala San Vicente. Do add reviews and comments for specific hotels and apartments. Readers find these very useful. However this forum is not a place for advertisements. Check out the 'Advertise' page on the main web site.

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  #286  
Old 01-11-2018, 20:09
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A couple of points, remember if you have joint ownership of the property you are allowed 11700 each before you are liable for gains after you deduct Spanish gains tax paid.
Any gain then is added to individual annual income and if each below 46350 will be taxed at a rate of 18% and 28% above for residential property.

Apparently my friendly tax consultant tells me the revenue are only interested in the purchase price and the selling price at the daily exchange rate on day of purchase and sale. This will determine gain or loss less Spanish capital gain paid.

It will be interesting to see how Brexit affects this in the future.

No financial advice intended, just my personal understanding.
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  #287  
Old 02-11-2018, 16:24
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Quote:
Originally Posted by Papillon View Post
A couple of points, remember if you have joint ownership of the property you are allowed 11700 each before you are liable for gains after you deduct Spanish gains tax paid.
Any gain then is added to individual annual income and if each below 46350 will be taxed at a rate of 18% and 28% above for residential property.

Apparently my friendly tax consultant tells me the revenue are only interested in the purchase price and the selling price at the daily exchange rate on day of purchase and sale. This will determine gain or loss less Spanish capital gain paid.

It will be interesting to see how Brexit affects this in the future.

No financial advice intended, just my personal understanding.
Thanks Papilon, that is my understanding too
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  #288  
Old 03-11-2018, 07:59
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Originally Posted by Hanser View Post
.... it could cause the price of these properties to be driven down and become more affordable for residential use.......
That is exactly what the "locals" are calling for........... not only in in PP; also in Barcelona, Madrid, etc.

Now, of course, you could reply, as in the late XIXth century, a few thousand miles further East: "The natives are restless? Get the guns out!"
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  #289  
Old 03-11-2018, 11:20
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Originally Posted by JPALCOVER View Post
That is exactly what the "locals" are calling for........... not only in in PP; also in Barcelona, Madrid, etc.

Now, of course, you could reply, as in the late XIXth century, a few thousand miles further East: "The natives are restless? Get the guns out!"
Do you write for the Majorca Daily Bulletin by any chance?
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  #290  
Old 03-11-2018, 18:48
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Originally Posted by Hanser View Post
Do you write for the Majorca Daily Bulletin by any chance?
Actually, I write for the Punjabi Gazette.
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  #291  
Old 26-04-2019, 11:44
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Just looking on Facebook lots of availability, maybe it could be the prices that some are charging or people are going elsewhere due to the holiday tax.
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  #292  
Old 26-04-2019, 12:58
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Talking to our property agent the other day and he said bookings are down at least 20%, and that the idea of bringing in the licencing law so that locals could rent wasn't working either as properties are too expensive. Pretty poor goverment decision
Lorenzo, Rosie34, Tommo and 2 others like this.
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  #293  
Old 12-06-2019, 08:48
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https://www.majorcadailybulletin.com...than-muro.html

Quote:
Pollensa has leapt above Muro for the first time in terms of the number of registered tourist accommodation places. In so doing, Pollensa now has the second highest number of places in the northern part of Majorca.

The reason for this is the inclusion of registered apartment holiday rentals places. The figures had previously been confined to hotel and villa places. Pollensa has long had more legal rentals places than those in hotels, but it has ranked lower because there are far fewer hotels than in other resorts.

The Pollensa total is now 20,468. Of these, 7,575 are hotel places; the other 12,893 are holiday rentals. ...

Pollensa was right at the forefront of holiday rental accommodation. This is a tradition going back several decades. By and large, there was not the hotel development which occurred elsewhere. Puerto Pollensa was already an established resort with small hotels at the time when the Alcudia Bay resorts were created from the comparatively little which had existed previously.

...
see full article on the MDB website
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