The fees charged by the Department of Land and Surveys to the acquirer for transfers of immovable property are as follows:
|Market value||Rate||Fee||Accumulated fee|
|From 85.001 to 170.000||5||4.250||6.800|
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 (subject to conditions).
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 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’ reorganisations, transfers of immovable property are not subject to transfer fees or mortgage registration fees.