Share
Real Estate Tax Calculator
The Taxand Real Estate Tax Calculator is designed to aid your investment planning by bringing together up-to-date key local real estate tax rates from around the world. Navigate around the data below or download a pdf here.
It is a very simplified overview of the main taxes applying in a jurisdiction "B" on investments in real estate in “B” by a corporate investor resident in another jurisdiction labelled "A".
The Guide addresses both direct investment in real estate (Case I available through this link: Direct holding of real estate) and indirect investment through a local company (Case II: below).
We have assumed that the investor is entitled to benefit from double tax treaties signed by its country of residence.
Indirect holding of real estate
| Country | Last Updated | Rental Income | Capital gains on shares (min.-max.) | Dividend withholding tax (min.-max.) | Interest withholding tax (min.-max.) | Debt to equity ratio (yes or no) | Transfer tax PropCo shares | Transfer tax real estate |
|---|---|---|---|---|---|---|---|---|
| 2011-10-04 | 33% | 33% | 0% - 33% | 14% - 33% | No | 0% | 1.348% - 1.848% (Includes: 0.5%-1% Registration Tax; 0.5% Registration Duties; 0.348% Notary Public's Fees including VAT ) | |
| Argentina | 2011-02-02 | 35% | 0% - 35% | 0% - 35% | 15,05% - 35% | Yes | ~0% - 3% | ~2,5% |
| Belgium | 2011-12-13 | 33.99% | 0% | 0% - 25% | 0% - 25% | Yes | 0% | 10% - 12.5% |
| Brazil | 2011-02-11 | 14.53% - 43.25% | 15% | 0% | 10% - 15% | Yes | 0% | 2% |
| Canada | 2011-02-08 | ~25% | ~15% | 5% - 25% | Individuals - 0%; Corporations: 2009 - 7%; 2010 - 4%; 2011 - 0% | Yes | 0% | ~2% |
| Chile | 2011-02-02 | 17% (20% for this year 2011, 18.5% for year 2012, returning to 17% on year 2013) | 17% (20% for this year 2011, 18.5% for year 2012, returning to 17% on year 2013)- 35% | 35% | 15% - 35% | No | 0% | 0% |
| China | 2012-02-08 | 17% | 10% | ~10% | ~10% | Yes | 0% | 8% - 10% |
| Cyprus | 2011-12-16 | 12.25% (expenses are deductible) | 0% - 20% | 0% | 0% | No | 0% | 3% - 8% (On December 2nd 2011, The Government introduced a new regulation, which for the first house purchase if there is VAT then the transfer fee is not applicable, if there is no VAT then the transfer fee is reduced by 50%. These provisions are applicable for only 6 months period starting from 2nd of December 2011.) |
| Denmark | 2012-02-08 | 25% corporate tax rate | 0 - 25% corporate tax | 25 - 28% | 25% | Yes | nil | 0.6 - 1.5% |
| Finland | 2011-12-21 | 26% | 26% | 0-28% | 0% | No | 1,6% | 4% |
| Finland - REIT | 2011-12-21 | 26% | 26% | 0-28% | 0% | No | 1,6% | 4% |
| France | 2011-02-11 | 33.33% | 0% - 33.33% | 0% - 25% | 0% | Yes | 5% | 5.09% (0.717% if VAT applies) |
| France - REIT | 2011-02-11 | 0% | 0% - 19% - 33.33% | 0% - 25% | 0% | Yes | 0% | 5.09% (0.717% if VAT applies) |
| Germany | 2012-02-03 | 15.825% | 0% - 0.79%; 15.825% | 0% - 26.375% | 0% | No | 0%; 3.5% - 5% | 3,5% - 5% |
| Germany - REIT | 2012-02-03 | 0% | 0% - 15.825% | 10% - 26.375% | 0% | No | 0%; 3.5% - 5% | 3.5% - 5% |
| Greece | 2011-06-22 | 20%; 3% on gross rentals | N/A | 25% | 0%-40% | Yes | 0-5% | 23% VAT or 8-10% Real Estate Transfer Tax |
| Greece - REIT | 2012-02-07 | 10% on the applicable intervention rate defined by the European Central Bank increased by 1% | 10% on the applicable intervention rate defined by the European Central Bank increased by 1% | N/A | 0%-40% | Yes | 0% - 0,2% | Exempt acquisitions; 23% VAT or 8-10% Real Estate Transfer Tax upon sale |
| India | 2011-09-20 | 0% | 0% - 32.445% | 0% - 21.012% | 0% - 42.024% | No | 0.25% | 0% - 15% |
| Indonesia | 2011-12-16 | 10% (Final Income Tax) | N/A | 10% - 20% (based on the applicable Tax Treaty with Indonesia) | 5% - 20% (based on the applicable Tax Treaty with Indonesia) | N/A | 5%/NIL (based on the applicable Tax Treaty with Indonesia) | 5% (Final Income Tax) |
| Ireland | 2011-12-15 | 25% | 30% | 0% | 0% | No | 1% | 1-2% |
| Italy | 2012-02-07 | 31.4% | 0% - 27.5% | 0% - 1.375% - 20% | 0% - 20% | No | 0% | ~10% |
| Italy - REIT | 2012-02-07 | 0% | 0% - 20% - 13.673% | 0% - 20% | 0% | No | 0% | ~10% |
| Japan | 2011-02-07 | 42% | 0% - 30% | 0% - 20% | 0% - 20% | No | 0% | 2.5% - 6% |
| Japan - REIT | 2011-02-07 | 0% | 0% - 30% | 0% - 7% | 0% - 20% | No | 0% | 0.9% - 4.8% |
| Korea | 2011-02-07 | 11% - 24.2% | 0% ~ 24.2% | 0% - 20% - 24.2% | 0% - 20% - 24.2% | Yes | 0.5% + 2.2% | 4.6% - 9.4% |
| Korea - REIT | 2011-02-07 | 0% | 0% - 24.2% | 0% - 20% - 24.2% | 0% - 20% - 24.2% | Yes | 0.5% | 2.3% |
| Luxembourg | 2012-02-08 | 22.05% | 0% | 0% - 15% | 0% | Yes | 0% | ~10% |
| Malaysia | 2012-02-03 | 25% | 0% to 10% [i.e. Holding period of: 1) ≤2 yrs - 10%; 2) 2yrs ≤ x ≤5 yrs - 5%; 3) ≥5 yrs - 0%] | 0% | 5% - 15% | Yes | 0.3% | 1% - 3% |
| Malaysia - REIT | 2012-02-03 | 0% | 0% | 10% to 25% | 5% - 15% | No | 0% | 0% |
| Malta | 2012-02-03 | 35% | 0% - 35% | 0% | 0% | No | 5% | 5% |
| Mauritius | 2011-02-04 | 5% TDS; 15% income tax | 0% in case shares are transferred in a company which does not own immovable property; 15% when shares are transferred in a company which holds immovable property, the value of which, exceeds 95% of its total assets. | 0% | 10% | No | 0% in case transfer of shares in a company which does not hold any immovable property; 5% (payable by the transferee) where shares are transferred in a company which holds immovable property | 5% (payable by the transferee) |
| Mexico | 2011-02-04 | 30% | 25% - 30% | 0% | 15% - 30% | Yes | 0% | 2% - 5% |
| Netherlands | 2012-01-23 | 20% - 25% | 0% - 25% | 0% - 15% | 0% | Yes | 6% (normal RETT rate) or 2% (RETT rate for the acquisition of real estate for private residency is temporarily reduced to 2% in the period from 15 June 2011 until 1 July 2012) or 0% | 6% (normal RETT rate) or 2% (RETT rate for the acquisition of real estate for private residency is temporarily reduced to 2% in the period from 15 June 2011 until 1 July 2012) or 0% |
| Netherlands - REIT | 2011-02-10 | 0% | 0% | 0% - 15% | 0% | Yes | 0% - 6% | 6% |
| Norway | 2011-02-08 | 28% | 0.84% | 0% - 25% | 0% | Yes | 0% | 2.5% |
| Pakistan - REIT | 2011-02-07 | No VAT | no VAT | 10% | 10% | No | No | |
| Peru | 2008-09-25 | 30% | 30% | 4.1% | 15% - 30% | Yes | 0% | 3% - 9.5% |
| Philippines | 2009-06-30 | 30% | 5% - 10% | 15% - 30% | 7.5% - 30% | No | 0% | 0.5% |
| Poland | 2011-02-04 | 19% | 0% - 19% | 0% - 19% | 0% - 20% | Yes | 1% | 0% |
| Portugal | 2011-02-04 | 12.5% to 29% | 0% - 25% | 0% - 15% | 5% - 15% | Yes | 0% - 6.5% | 0.8% - 7.3% |
| Portugal - REIT | 2011-02-04 | 20% | 0% | 0% | N/A | Yes | 0% | 0.8% - 7.3% |
| Puerto Rico | 2011-10-06 | 20% - 39% | 0% - 29% | 10% | 0% - 29% | No | 0% | 15% |
| Romania | 2012-02-08 | 16% | 0% - 16% | 0% - 16% | 0% - 16% | Yes | 0% | 0% |
| Russia | 2011-10-04 | 20% | 0% - 20% | 0% - 15% | 0% - 20% | Yes | 0% | 18% |
| Spain | 2011-03-01 | 30% | 0% - 19% | 0% - 19% | 0% - 19% | Yes | 0% - 8% | 0% - 8% |
| Sweden | 2012-02-07 | 26.3% | 0% | 0% - 30% | 0% | No | 0% | 4.25% |
| Switzerland | 2012-02-03 | 12% - 22% | 0% - 40% | 0% - 15% | 0% - 10% | Yes | 0% - 3.3% | 0% - 3.3% |
| Turkey | 2008-09-25 | 20% | 0% - 20% | 15% | 10% | Yes | N/A | 1.5% |
| Turkey - REIT | 2008-09-25 | 0% | 0% - 20% | 0% | 10% | Yes | N/A | 1.5% |
| UK | 2012-01-12 | 0% - 26% | 0% | 0% | 0% - 20% | Yes | 0.5% | 0% - 4% |
| Ukraine | 2010-02-08 | 25% | 0-15% | 0-15% | 0-15% | No | N/A | ~ 22.4 % (1% Pension Fund Levy, 1% State Duty and 20% VAT) |
| USA | 2012-02-10 | 35% | 35% | 5% - 30% | 0% - 30% | Yes | ~0% | ~0% |
| USA - REIT | 2012-02-10 | 0% - 35% | 0% - 35% | 5% - 30% | 0% - 30% | Yes | ~0% | ~0% |
| Venezuela | 2011-02-04 | 15% - 34% | 0% - 34% | 0% - 34% | 5% - 32.30% | Yes | 0% | 0% |
| Venezuela - REIT | 2011-02-04 | 15%-34% | 15%-34% | 0% or 34% | 5% - 32.30% | Yes | 0% |