Who we advise in Formentera
| Client | Typical matters |
|---|---|
| Property owners | Modelo 210, wealth tax, sale |
| Holiday rentals | Rental income and tourist tax |
| Seasonal businesses | Accounting, VAT, staff |
| Residents | Income tax and assets abroad |
| Heirs | Inheritance tax and plusvalía |
Tax specifics for Formentera
Because Formentera has a single municipality and limited supply, property transactions are fewer but often of high value. Planning the tax on a sale or an inheritance before signing is especially worthwhile.
Services for Formentera clients
Our main services in Formentera are non-resident taxes, income tax for residents, wealth tax, holiday rental tax, inheritance tax and accounting for companies.
An illustrative example
Based on situations we commonly see; not a specific client. A German family owned a house in Sant Ferran and let it in July and August. We filed the quarterly non-resident rental returns with deductible expenses and the imputed income for the rest of the year, and set up the tourist tax correctly.
This page is published by Castell.tax, the tax practice of Castell.law in Palma de Mallorca. It is general information; tax rules and rates change, so check your case with us before filing.
Not sure what you owe? Ask before the deadline
Send us your situation or the letter you received. A tax adviser will tell you what applies, what it could cost and what to file.
Questions about tax in Formentera
Do you advise clients in Formentera?
Yes, mostly remotely, with in-person meetings by appointment.
Can you file my rental returns?
Yes, including quarterly non-resident returns.
Do you handle inheritances in Formentera?
Yes, with our lawyers at Castell.law.