Transfer fees by the Department of Land and Surveys

The fees charged by the Department of Land and Surveys for transfers of immovable property are as follows:

In an effort to revive the real estate market, sale-purchase 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 (under certain conditions).

In the case of property transferred from a company whose shareholders are spouses and/or their 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:

• if the transfer is to a spouse  – 8%
• if the transfer is to a child       – 4%
• if the transfer is to a relative  – 8%

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

Value in these cases refers to values as at 1 January 1980.

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

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