LAND TRANSFER FEES
Land Transfer Fees are imposed on the market value of immovable properties and are payable by the acquirer for transfers of immovable properties.
RATES (NOTE 1-3)
|Value €||Rate %||Transfer fees €||Accumulated transfer fees €|
- No transfer fees are payable in the case of reorganizations
- No transfer fees are paid when the immovable property transferred is subject to VAT.
- The above transfer fees are reduced by 50% in case the purchase of immovable property is not subject to VAT.
- In case of free transfers of property, no transfer fees are payable for transfers from parents to children, and 0,1% on the value of property as at 1 January 2013 is payable for transfers between spouses and between third degree relatives.