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The registered owner of the property is liable for this annual tax which is based on the total value of the said property.
| Value in € |
Annual Tax Per Thousand in € |
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Up to 170,000 |
Exempt |
|
170.000- to 427.000 |
2.5 |
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427.000- to 854.000 |
3.5 |
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854.000- and over |
4.0 |
SELLING YOUR PROPERTY
When you sell, you can repatriate all of the funds immediately used to the value of the purchase, including any amounts spent on improvements and/or additions to the property and paid off for the properly imported foreign currency.
CAPITAL GAINS TAX
Capital Gains Tax is levied at 20% on gains arising from the disposal of the property. However, for foreign owned property that is sold, generous allowances and exemptions from Capital Gains Tax exist. As the gain also takes into account inflation, the actual appreciation coupled with the allowances and exemptions results in a minimal taxable amount.
PROPERTY OWNER COSTS (Approx.)
a) Electricity, depending on consumption: € 70 - 300 every 2 months.
b) Water, depending on consumption: € 25 - 50 every 4 months.
c) Sewerage, depending upon household: € 95 -120 per annum.
d) Common expenses for apartments: €500- to 1000 per annum.
(Prices vary depending on location and complex or building.)
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