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An amazing opportunity - front line Porto Cristo - to build a mega mansion - ref 12033 for further info contact us
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 Newsletter 35 - MAY 2012   
In this issue
TRAVEL NEWS
NEW TAX BENEFITS
SURF MACHINE
NIKKI BEACH
STRONGER POUND
SA RAPITA
PROPERTIES FOR SALE
RENTAL PROPERTIES
PROPERTIES MANAGEMENT
INSURANCE
ON A LIGHTER NOTE
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Summer has now arrived in Mallorca and despite all the doom and gloom, property sales to foreign buyers are picking up. Reportedly 20% up on 2011 according to Hacienda (the Spanish tax office).

TRAVEL NEWS

Ryanair have increased the number of flights to Mallorca and are in the process of establishing Palma airport as a secondary hub. Flights to and from most European cities and a good network with Spanish cities are bringing more and more visitors to the island.

 

A word of warning - if flying with Ryanair and you are NOT a Spanish national, make sure you take your passport even for internal flights in Spain. No other document will be accepted as identification even if it has your photo !

 

Click here to see their routes:

http://www.ryanair.com/en/cheap-flight-destinations

NEW TAX BENEFITS FOR BUYERS IN 2012 

The Spanish Government has introduced an important incentive for buying urban property (houses, apartments, parkings, shops, plots of land etc). This applies to resident and non-resident buyers in 2012 as from 12th May 2012 until 31st December 2012.

 

Buyers will only pay 50% of the Capital Gains Tax (currently 21%) when the property is resold.

 

A simplified example :

 

Purchase price : € 1,000,000

Re-sale price:   € 1,500,000

 

CGT was 21% of the profit - € 500,000 = €105,000

 

CGT will be 10.5% of the profit - € 500,000 = €52,500

 

A saving of € 52,500

 

There are other deductions which can be set against the CGT such as Estate Agents fees, legal fees, expenditure on improvements such as new bathrooms, kitchens etc. (provided you have the IVA paid bills!).

 

As always, I am NOT a Tax specialist so if you require further information please contact me and I will put you in touch with a specialist!

  

The following news courtesy of http://www.seemallorca.com/events/news.html

SURF MACHINES OPENS IN MALLORCA


Surf machine opens in Majorca this summer Europe's first barrel surf machine breaks on Calvia this June

 

 

 

 

The Calvia Beach Resort, Mallorca will be the first place in Europe to have a Flow Barrel wave machine as of this summer. With a Double Flow Rider also in the park it is going to make the previously surf-less Magaluf beach in Majorca one of easiest places to catch waves in the Med.

 

 

NIKKI BEACH MALLORCA OPENS THIS JUNE

 

The first Nikki Beach at Calvia Beach Resort

A brand new Nikki Beach in Mallorca will kick off this summer with an opening party on the 15th June. The international beach club brand who have been bringing hip, sexy beach this summer in Mallorca at the Calvia Beach Resort

STRONGER POUND

Mallorca hopes to gain from strong pound


With Europe undergoing an economic crisis of confidence, the British pound has surged in value over the past few months against the Euro. Sitting at just under €1.25, the pound is at it's strongest since 2008. The Mallorcan government hopes that the Brits will take advantage of this rate and will increase both hotel and holiday bookings, and also help kickstart the real estate sector.

SA RAPITA

Thousands protest to save unspoilt beach in Mallorca. Plans to build a hotel on sa Rapita prove unpopular

 

Thousands of people descended on Sa Rapita recently to protest against plans to build a new luxury hotel and nine hole golf course. The proposed development would lie just 150 metres behind this natural and unspoilt beach on the south coast of Mallorca.

 PROPERTIES FOR SALE

FOR MORE INFORMATION CLICK ON THE PICTURE
12021 
12021
12009
12011 
12011
12014 
12014
12017 
12017
 
12020
 12032
12032
12033 
12033

RENTAL PROPERTIES

We now have a selection of excellent villas and apartments available for rental. We are currently adding these to our website but meanwhile please contact me for more information.

PROPERTIES MANAGEMENT

 

We are now able to offer a new service to owners and have available all the necessary services - plumbers, electricians, builders, carpenters, painters etc.

 

We can also carry out total refurbishments and furnishing on request. We have dedicated staff for this task and each will be co-ordinated by your designated member of our staff. You will also receive the benefit of discounts obtained on your behalf and our fee will be clearly stated ( and reasonable!)

INSURANCE OF YOUR PROPERTY

We have arranged a very competitive insurance package with Zurich Insurance for our clients - call us for a quote. 

ON A LIGHTER NOTE !

A man bought a new Mercedes to celebrate his wife leaving him and was out on the motorway for a nice evening drive.

The top was down, the breeze was blowing through what was left of his hair and he decided to open her up. As the needle jumped up to 80 mph, he suddenly saw flashing red and blue lights behind him.

The police officer came up to him, took his license without a word and examined it and the car.

"It's been a long hard day, this is the end of my shift and it's Friday the 13th. I don't feel like more paperwork, I don't need the frustration or the overtime, so if you can give me a really good excuse for your driving that I haven't heard before, you can go."

The guy thinks about it for a second and says, "Last week my nagging wife ran off with a cop. I was afraid you were trying to give her back!"

"Have a nice weekend," said the officer.

 

 

FLAT TIRE

Four high school boys afflicted with spring fever skipped morning classes. After lunch they reported to the teacher that they had a flat tire. Much to their relief she smiled and said: "Well, you missed a test today so take seats apart from one another and take out a piece of paper." Still smiling, she waited for them to sit down.

Then she said:   "First Question: Which tire was flat?"

Please visit our website www.mjcassociates.net or better still - come and see us in Mallorca

 


Best regards,

 

Michael and the Team at MJC 
TEAM MJC

MJC Associates