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Transfer Fees for Immovable Property and Mortgage Fees

Transfer fees
These are paid on transfers of immovable property and are calculated on the market value of the property as estimated by the Land Registry department.

 

  Market Value
  Percentage
%
  Fees
Cumulative Fees
       
0 - 85.000 3 2.550 2.550
85.000 - 170.000 5 4.250 6.800
170.000 and over 8    

Transfer fees paid on the transfer of property to a family company are refunded in five years provided the company still owns the property and there have not been any changes to its shareholders.

On the transfer of immovable property from a family company to its shareholders as well as on transfers by donation between spouses, spouses and children or relatives up to third degree of kindred, transfer fees are calculated on the value of property appearing on the title deed at the following rates:

 
Transfer to spouse 0,4%
Transfer to children 0.2%
Transfer to relative 0.4%

Transfers of immovable property by a company to another company for the purpose of a company re-organisation are exempt from transfer fees.

Period 02/12/11 to 31/12/2016

Transfer fees for the above period will be treated as follow (subject to conditions):
  • 0% transfer fees if the transaction is subject to VAT.
  • 50% transfer fees if the transaction is not subject to VAT. Mortgage fees
Mortgage fees

The transfer of a loan to another financial institution. The lower of 1% of the new mortgage or €200. Transfer of mortgage by a company to another company as a result of reorganization. No fees are imposed On loans 1% Renewal of the loan at the same financial institution € 50