Transfer fees by the Department of Land and Surveys

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:

 

Value

Rate

Fee

Accumulated fees

%

Up to 85.000

3

2.250

2.550

85.000 – 170.000

5

4.250

6.800

Over 170.000

8

 

 

 

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.