No immovable property transfer fees are payable in the case of reorganisation of companies.
In the situation of transferring of immovable property to a family company and provided the shareholders remain members of the same family, then after the passing of 5 years the immovable property transfer fees are being refunded.
In the case of property transferred from a company whose shareholders are spouses and/or their children, to one of the two spouses, or their children or to third degree of relation the transfer fees are calculated on the value of the property as follows:
ο if the transfer is to spouse - 8%
ο if the transfer is to child - 4%
ο if the transfer is to a relative - 8%
Also the following rates are applicable in the case of free transfers:
ο from parents to children - 4%
ο between spouses - 8%
ο between third degree relatives - 8%
ο to trustees €8,54
Value in these cases is the one written on the title deed which refers to values of the year 1920.
