What's the threshold for housing immigration property tax in Europe?

At present, Portugal, Spain, Greece and Cyprus are the most typical housing migration target countries in Europe. Among these four countries, the lowest threshold is Greece, which only needs 250,000 euros. Portugal and Spain, the investment requirement is 500,000 euros. If you want to invest in these countries smoothly, it is very necessary to find out the property tax situation of each country first.

Portuguese property tax

European property tax When buying a house in Portugal, you need to pay 6.5% of the house transaction tax and 0.8% of the tax payable. In addition, urban construction management fees are required: units with less than two rooms pay 1.200 euros, and units with more than three rooms pay 1.500 euros. If the property it holds generates rental income, it needs to pay VAT at 28% of the rental income every year. Pay 0.4%-0.8% property tax every year during the holding period.

Greek property tax

European real estate tax Greek real estate tax is relatively high. When purchasing, you need to pay 1 1% property tax, plus VAT and other taxes, and the total tax can reach 20%-30% of the total price. However, due to the current Greek and European debt crisis, some developers have introduced a one-price policy, and buyers only need to pay the total price, and the taxes and fees are borne by the developers, which can virtually reduce the tax and fee expenditure of real estate. After that, the annual property tax rate is 0. 1%, and self-occupied houses with a value of less than 200 square meters and less than 300,000 euros are exempt from tax.

Cyprus property tax

European property tax requires 18% VAT for buying a house in Cyprus, but you can get a 13% tax refund for buying a house over 300,000 euros, that is, you only need to pay 5% VAT. The annual property tax paid during the holding period is charged according to the value of the house, which is less than 0.25% of 430,000 euros; 0.35% for 430,000-850,000 euros; 0.4% of more than 850,000 euros.

Spanish property tax

European property tax When buying a house in Spain, you need to pay a transaction tax of 10% when buying a first-hand building, and a transaction tax of 7% when buying a second-hand building. In addition, the house registration fee is paid at 1% of the total house price. The income from renting a house needs to be declared and taxed according to the local tax-sharing system, but it should be pointed out that if the house is rented to young people under the age of 35, it is not necessary to declare and pay taxes. Property tax of 0.3%-0.4% is paid every year during the holding period. Because of holding real estate, wealth tax of 0.2%-2.5% is paid according to different valuations.

Although there is no property tax in China, European countries are different. When buying a house in Europe, buyers should always pay attention to local policies, besides property tax, they should also pay attention to immigration policies, ownership and so on, and pay attention to all aspects.

(The above answers were published on 2015-12-01. Please refer to the actual situation for the current purchase policy. )

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