Transfer Fees for Immovable Property and Mortgage Fees
Transfer fees
These are paid on transfers of immovable property and are calculated on the market value of the property as estimated by the Land Registry department.
Market Value
€ |
Percentage
% |
Fees
€ |
Cumulative Fees
€ |
| |
|
|
|
| 0 - 85.000 |
3 |
2.550 |
2.550 |
| 85.000 - 170.000 |
5 |
4.250 |
6.800 |
| 170.000 and over |
8 |
|
|
The above rates are reduced by 50% except in the case of transfers under Part VI and Part VIA of the Transfers and Mortgages of Immovable Property Law.
On the transfer of immovable property by donation between spouses, parents and children or relatives up to third degree of kindred, transfer fees are calculated on the value of property appearing on the title deed at the following rates:
| Transfer from parents to children |
0% |
| Transfer between spouses |
0.1% |
| Transfer between third degree relatives |
0.1% |
Transfer fees paid on the transfer of property to a family company are refunded in five years provided the company still owns the property and there have not been any changes to its shareholders.
The following transfers are exempt from transfer fees:
- Transfer under a qualifying reorganisation
- Transfer under a qualifying loan Restructuring
- Transfer performed in the context of bankruptcy, liquidation, disposal of mortgaged immovable property by the lender, where the sales proceeds do not exceed the amount of €350.000 per owner
- Transfers that are subject to VAT
Levy of 0,4% on Immovable property disposals
As of 22 February 2021 a levy of 0,4% is imposed as follows:
(a) on the sale of immovable property, for which a general value has been determined by the Department of Lands and Surveys, the seller shall pay a levy of 0,4% of the sale proceeds; and
(b) on the sale of shares of a company, which is not listed on a recognised Stock Exchange, and which directly or indirectly owns immovable property for which a general value has been determined by the Department of Lands and Surveys, the seller shall pay a levy of 0,4% on the latest valuation of the immovable property by the Department of Lands and Surveys, corresponding to the shares of the company that are being sold.
