Any profit resulting from the disposal of immovable property is subject to a tax at the rate of 20% on that gain, subject to certain exceptions.

The total amount payable is subject to exemptions, depending on the type of transactions and the relation between the parties. Property can fall under those conditions for instance if transferred between spouses, children or other close relatives.

When calculating the profits from the disposal of the property of an individual there are deductions which include the following:

  • Disposal of principal private residence (under specific conditions) €85.430
  • Disposal of agricultural land by a farmer                                             €25.629
  • Other disposals                                                                                         €17.086

Further deductions might depend on the year of constructing the property or the type of improvements made to it.


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