Can an American buy a property in Mallorca to flip and sell?
Key Takeaway for US Buyers: Yes, American investors can legally buy, renovate, and flip properties in Mallorca. However, the traditional US flipping model is severely hampered by massive transaction costs, specifically the progressive Property Transfer Tax (up to 13%) and the 19% non-resident Capital Gains Tax. Successful flipping in Spain requires utilizing our VIP Dedicated […]