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Property ownership

The costs of owning a property in Slovakia differ depending on the type and size of the property, the location and other individual circumstances. However, as a general guide owners should bear in mind the following:

• Real estate tax is paid by owners of buildings and apartments. This depends on the size, location and the type of building or apartment.
• The tax rate for buildings is 1 Slovak koruna (€0.03) per sq. m. (this is the minimal rate, each year the exact rates are defined by the municipality and rates may vary from 1 koruna to some hundreds). An additional 10 koruna per floor may be defined. The tax rate for land is 0.25% of the tax base.
• Slovakia has a flat income tax rate of 19% which also applies to any rental income.
• The UK and Ireland has entered into a ‘Double Tax Treaty’ with Slovakia which covers tax on both income and capital gains and ensures purchasers do not have to pay tax twice.
• Non-residents must register for tax and will be obliged to file a Slovakian income tax return showing the rental profits each year.
• Capital gains are generally included as part of income in Slovakia and taxed accordingly at 19%.
• Capital gains are exempt in Slovakia if you have owned the property for at least five years (two years in the case of your private residence). This is valid only for individuals - there is no such exemption for companies.
• There is no gift or inheritance tax in Slovakia.
• Sale of real estate property is VAT exempt.
• Should you choose to rent out a property you buy, expect an annual property management fee of approximately €290.

Related items

Documents and Reports

	Slovakia property investment report (425Kb)
Documents and Reports

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