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Property Transfer Fees

The fees charged by the Department of Land and Surveys to the acquirer for transfers of immovable property are based on the market value of the property as follows:

Market value

 

Rate

Fee

Cumulative

fee

%

Up to 85.000

3

2.550  

2.550

85.001 to 170.000

5

4.250  

6.800

170.001 and above

8

 

 

No transfer fees will be payable when the immovable property to be transferred is subject to VAT. In the case, that the immovable property transferred is not subject to VAT, then it will be eligible for a 50% exemption from the above transfer fees.*

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.

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

Notes

*Subject to conditions

The above should be used as a source of general information only. It is not intended to give a definitive statement of the Law and is subject to the Disclaimer.

For further details on these issues, please do not hesitate to contact us.