Taxes in Finland
Income and corporate taxes in Finland are relatively high. The annual real estate tax rate depends on whether the owner has their permanent residence in Finland.
Transaction and registration taxes
Title deed transfer tax is charged to the buyer at 4% of the value for houses and 2% for apartments. A record of the transaction is kept at the district court.
Registration tax is 0.05%.
Ownership tax
Municipal tax is paid on real estate in Finland at a rate
| Residents | 0.37–0.80 |
|---|---|
| Other categories | 0.80–1.55 |
| Property under construction |
1.00–3.00 |
The above rates are base rates and may differ from one municipal district to another.
| Municipal district |
Residents | |
|---|---|---|
| Imatra | 0.97 | 0.37 |
| Kuopio | 1.10 | 0.52 |
| Parikkala | 1.10 | 0.50 |
| Helsinki | 0.80 | 0.37 |
| *not for permanent residence | ||
Capital gains, inheritance and gift taxes
Capital gains tax is payable upon sale of property and ranges from 30% to 32%.
Inheritance and gift tax vary from 0% to 36% depending on the degree of relation and value of property.
Income and corporate taxes
Income tax for residents
| Income, EUR | Rates, % |
|---|---|
| Under 16,100 | 0.00 |
| 16,100–23,900 | 6.50 |
| 23,900–39,100 | 17.50 |
| 39,100–70,300 | 21.50 |
| 70,300–100,000 | 29.75 |
| Over 100,000 | 31.75 |
Corporate tax is 20%.
Disclaimer: the information in the above article is for reference and may be subject to change over time. Persons interested in exact calculations should contact a certified tax specialist in this country before purchasing property.
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