The tax rates for individuals are as follows:
|
Taxable Income |
Tax Rate |
Tax Amount |
Cumulative Tax € |
| 0 – 19.500 |
0 |
– |
– |
| 19.501 – 28,000 |
20 |
1.700 |
1.700 |
| 28,001 – 36,300 | 25 |
2.075 |
3.775 |
| 36,301 – 60,000 | 30 |
7.110 |
10.885 |
| Over 60,000 | 35 |
For all those property sales for which VAT was paid, no transfer fees are applied. For all other cases, a 50% reduction is applied.
In the case of free transfers of property between the following parties, the transfer fees are calculated on the value of the property as of 1 January 2013 at the following rates:
- from parents to children 0%
- between spouses 0,1%
- between third-degree relatives 0,1%
Exemptions from transfer fees
The following transfers are exempt from transfer fees:
- under a qualifying reorganisation
- under a qualifying loan Restructuring (note 10)
- in the context of bankruptcy, liquidation, disposal of mortgaged immovable property by the lender, where the sales proceeds do not exceed the amount of €350.000 per owner
- Transfers that are subject to VAT
