When you buy a home, you have to pay asset transfer tax on the transaction. The tax is calculated as a percentage of the transaction price and paid in connection with the closing of the deal.
The tax on apartments in housing companies is 1.5%, while the tax on real estate, including single-family homes, is 3%.
To pay the asset transfer tax, you need a personal transfer tax reference number, which you can obtain from the MyTax service. Asset transfer tax is usually paid upon closing the home transaction.
If a real estate agent is involved in the sale of an apartment in a housing company, they are responsible for submitting an asset transfer tax notification to the Tax Administration. The agent should provide you with a confirmation of the notification, including the information submitted in it, from the Tax Administration.
If no agent is involved in the sale or you are buying a whole property, you should submit the asset transfer tax notification yourself in the MyTax service.
Go to the Tax Administration’s MyTax serviceOpens new windowThe asset transfer tax on an apartment you buy in a housing company for 100,000 euros is 1,500 euros, or 1.5%.
You have to pay the tax on the debt-free price (transaction price + any housing company loans), even if you pay your share of housing company loans when you close the deal.
The tax on a single-family house or other whole property, such as a summer cottage, is higher than on apartments in housing companies.
The asset transfer tax on a house that costs 200,000 euros is 6,000 euros (3%).
The asset transfer tax on apartments in housing companies was lowered from 2% to 1.5% and the tax on properties was reduced from 4% to 3% in 2024.
At the same time, the tax exemption for first-time homebuyers was removed, so now they have to pay asset transfer tax just like other homebuyers.
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