Fiscal implications

Conveyances for consideration subject to proportional registration duty are taxed at the following rates:

• 9% for the purchase of property without preferential treatment;
• 2% for the purchase of property benefiting from “first home” assistance;
• 15% for the purchase of agricultural land by persons who are not farmers or  professional agricultural operators registered with the relevant pension and welfare funds.

Parliament has however set a minimum of €1,000 if the calculation at the rates mentioned above is less than such minimum.  Mortgage and cadastral taxes are due in the amount of €50 each.  Where the transaction requires a non-proportional but fixed registration tax to be applied, the amount is set at €200.