Taxes in Latvia
Latvia has a simple and convenient tax system. There is no inheritance, gift or wealth tax.
795,000 €
Total area 565 m² Land area: 2,339 m²
520,000 €
Total area 220 m² Land area: 3,000 m²
250,000 €
Total area 357 m² Land area: 917 m²
425,000 €
Total area 255 m² Land area: 306 m²
650,000 €
Total area 223 m² Land area: 1,266 m²
725,000 €
Total area 600 m² Land area: 2,300 m²
350,000 €
Total area 132 m² Land area: 174 m²
3,500,000 €
Total area 360 m² Land area: 3,087 m²
Transaction and registration tax
Title registration fees are 2% of the cadastral or contractual value of the purchased property, depending on which is higher.
Ownership, income and corporate taxes
Real estate tax on residential property
Capital gains tax on the sale of property is 15%. Primary residences are exempt from this tax.
Income tax is 24% for all revenue earned by an individual including property rental income.
Corporate tax rate is 15%.
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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