Buying a house abroad: immigrants who buy a house pay attention to foreign property tax!

In addition to housing prices and the environment, immigrants should also pay attention to property taxes. At present, among the European countries Portugal, Spain, Greece and Cyprus, the lowest investment threshold is Greece, which only needs 250,000 euros. Portugal and Spain, the investment requirement is 500,000 euros. If you want to immigrate to these countries smoothly by buying a house, it is very necessary to know the property tax situation.

1. Portugal

6.5% housing transaction tax and 0.8% profits tax are required. In addition, urban construction management fees are required: units with less than two rooms 1.200 euros, and units with more than three rooms 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.

2. Greece

There are many taxes on real estate. 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 real estate tax and fee expenditure. 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.

3. Cyprus

You need to pay 18% value-added tax, but you can get 13% tax refund if you buy a house over 300,000 euros, which means you only need to pay 5% value-added tax. 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.

4. 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.

(The above answers were published on 20 15-06- 15. Please refer to the current actual purchase policy. )

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