Europe: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

  • Gross rental income is /US$1,500/month
  • The property is personally directly owned jointly by husband and wife
  • Both owners are foreigners and non-residents
  • They have no other local income
  • There is no mortgage, i.e., no loan is taken for the purchase


In arriving at the pre-tax profit figure, we calculate, and deduct:

  • Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.


We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Contributing Accounting Firms

Luxembourg 49.00%
Switzerland 48.56%
Turkey 27.15%
Portugal 26.44%
Malta 23.33%
Austria 22.97%
Finland 22.50%
Norway 22.00%
Greece 22.00%
Italy 21.00%
Estonia 20.00%
Spain 19.00%
Slovak Rep. 19.00%
Latvia 17.25%
Slovenia 15.00%
Poland 13.50%
Hungary 13.50%
Netherlands 13.42%
Ireland 10.05%
Croatia 10.00%
Iceland 10.00%
Bulgaria 10.00%
France 10.00%
Romania 10.00%
Germany 9.92%
Belgium 8.11%
North Macedonia 7.50%
Czech Rep. 5.57%
Montenegro 5.40%
Lithuania 1.96%
Denmark 1.87%
Sweden 0.00%
Cyprus 0.00%
*n.a. means there is not enough data to show a valid result