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TRANSFER FEES BY THE LAND REGISTRY DEPARTMENT
Real-estate transfers are subject to a transfer fee based on the selling price or on the current market value of the property.
The fees charged by the land registry department for transfers of immovable property are as follows:
TRANSFER RATES |
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VALUE PER PLOT
€ |
RATE
% |
FEES
€ |
ACCUMULATED FEES € |
Up to 85,430.07 |
3 |
2,562.90 |
2,562.90 |
85,430.08-170,860.14 |
5 |
4,271.50 |
6,834.40 |
Over 170,860.15 |
8 |
|
|
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|
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MORTGAGE FEES |
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|
|
Imposed on the value of the mortgage |
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|
1% |
In the case of property transferred to a family company, transfer fees are refundable after five years if the property remains with the company and the shareholders remain the same.
In the case of property transferred from a company whose shareholders are spouses/and or children, to one of the two spouses or their children or to a relative up to third degree of relation, the transfer fees are calculated on the value of the property as follows:
Transfer to a spouse |
8% |
Transfer to a child |
4% |
Transfer to a relative up to third degree |
8% |
Also the following rates are applicable in the case of free transfers:
From parents to children |
4% |
Between spouses |
8% |
Between third degree relatives |
8% |
To trustees |
€8,54 |
Value in these cases is the one written on the title deed.
In the case of companies’ reorganizations, transfers of immovable property are not subject to transfer fees by the Land Registry Department. |
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