Property Research - Property Tax

Property Tax and how much one should be paying in a certain countries can be a complicated and bewildering subject (even for tax experts!).

Furthermore, governments have the habit of changing their minds frequently making it difficult to keep on top of ones property tax obligilations - particular if one is operating an international property portfolio.

The table below gives an overview of the main property tax rates for various countries, more detailed information can be found under each country section.

We are not tax advisers and this section should not be taken as specific advice. We recommend you contact qualified tax advisers should you require specific advice for your own personal needs.

	Property Taxes				General Tax
Country	Purchase Tax	Sales Tax	Annual Tax	VAT *	Capital Gains	Income Tax	VAT	Corporation Tax	Comments
Bulgaria	2%	0%	0.001%	20%	0-24%	0-24%	20%	10%	Taxes reduced a lot recently.
Cyprus	1.5%	0%	0%	20%	20%	0-30%	20%	10%	Low taxes.
Czech Republic	0%	3%	0.001%	10% or 20%	15%	15%	20%	20%	Medium level of taxes, can be complicated.
Germany	3.5%	0%	0%	19%	0-50%	0-42%	19%	25+%	Complicated and high tax.
Hungary	2-6%	0%	0%	20%	25%	18-36%	20%	16%	Quite high tax.
Latvia	1%	2%	0%	18%	25%	25%	18%	15%	Medium level of tax, can be reduced.
Poland	2%	0%	0.001%	7% or 22%	19%	19-40%	22%	19%	Capital gains tax reduced for holding 5+ years.
Romania	2-4%	0%	0%	16%	16%	16%	24%	16%	Medium property taxes, low business taxes.
Russia	0%	0%	0-2%	18%	13 or 30%	13 or 30%	18%	24%	High tax rates for foreigners.
Slovakia	0%	0%	0.001%	19%	19%	19%	19%	19%	Flat rate tax of 19%.
UK	0-4%	0%	0%	0%	0-40%	0-40%	17.5%	0-32%	Generally lowish taxes.
USA	0%	0%	0-2%	0%	5-15%	10-35%	0-6%	15-39%	Exact taxes depend on the US state.