Transfer Fees

The transfer fees charged by the Land Registry Department are as follows:

Purchase Price(euros)

Rate    %

Fees (euros)

The first 85.000 

3

2.550

85.001-170.000

5

4.250

Over 170.001

8

 

All sales  contracts concluded between 2 December 2011 and 31 December 2016, which are subject to VAT will be exempt from the above transfer fees and those not subject to VAT will be eligible for a 50% exemption from the above transfer fees (subject to conditions).

Also the following rates are applicable in the case of free transfers:

  • from parents to children – 0,2%
  • between spouses – 0,4%
  • between third degree relatives – 0,4%
  • to trustees €50

In  these cases the value  refers to values as at 1 January 1980.

In the case of companies’ reorganisations, transfers of immovable property are not subject to transfer fees or mortgage registration fees.

 

Mortgage Registration Fees

Mortgage registration fees are 1% of the current market value.

 

 

 

 

 

CONTACT US 22126225 & 22126207 EMAIL US