Property Taxes in the Canary Islands

What taxes do you need to pay when buying or owning a property in the Canary Islands, Spain? Get all the details here.

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Article Last Updated: 09 Dec, 2023 under Property Purchase

The Canary Islands continue to maintain their popularity for those seeking to escape the gloomy northern-European climate and sway it for year-round good weather.  Whether buying property in Tenerife, buying property in Lanzarote or buying property in Gran Canaria, it is vital to understand the fiscal obligations you will face as a property owner in the Canary Islands. You might also be interested in more detailed information on property tax in Spain.  

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Domingo, Lawyer in Las Palmas de Gran Canaria ...
Domingo has 10 years experience as a practising lawyer in Gran Canaria and specialises in providing expert advice in property law matters, inheritances, family law and contract law issues, in particular time-share agreements.
WOW! … Where to even begin? Domingo is simply the most professional, thorough, and helpful lawyer/solicitor I have ever had the pleasure of using (and believe me, due to my international dealings, I have used a lot of them). When we needed our Wills done, we were not happy having them drawn up under Spanish law. Domingo ensured that our Wills were prepared and secured under our home nations’ laws and perfectly accepted here in Gran Canaria under Spanish law! When my wife (78) needed to sell her apartment, yet keep the right to continue living here for the rest of her life — with a minimum stipulation of 30 years — at an agreed lower rent level with usufruct rights, so she could access liquid funds from the sale without losing her home, he got this done and sorted. And not only that — he organised everything, including the notary, gave us translated versions of the Spanish contract in English, and — I cannot say this often enough — was always available to us, whether by phone, email, or WhatsApp. Even when we were in the notaría (notary’s office), he checked everything over. When there were items that were either unclear or not in our favour, he had them rewrite it again and again. The integrity, professionalism, and dedication he shows to his clients are of the highest merit I have ever encountered. Believe me when I say this: If you are in need of a lawyer/solicitor in Gran Canaria who speaks very good English and remains calm even under the highest pressure, then Domingo is the man you want by your side. To put it in the words of Tina Turner: “Simply the Best” is what you get with Domingo! Oh, and if you worry about him being expensive... don’t! I have paid more in the UK and Germany — just to mention a few countries where I’ve needed legal representation. My British wife and I have used Domingo several times now, and we will always go back to him. Yes, I know this is quite long — but I could go on and on about Domingo and his superb legal services. If, by now, you haven’t realised that this is the person you need, then I can’t help you. To Domingo — until next time, you wonderful and amazing legal-knowledge computer on two legs! All the best, Michael
Michael Bruckner
Michael Bruckner
27 Jun 2025
3rd Party Review
104 completed cases
Speaks languages
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