Taxes
Albania is a very friendly country when it comes to Taxes,in the beginning of 2023 foreign investments are up by 1,3 milliard euros,our prime minister is stimulating these investments by offering to foreigns friendly packets,better opportunities than
other countries.We have the lowest tax in balkan for the properties found on the coast line .
HOW MUCH IS THE TAX OF MY PROPERTY?
Based on the latest decision from the corporation the taxes of apartments will be 0.05% of the value in year, the same decision is for Ksamil. On the other hand the Village ‘Gjashte’,’Metoq’,Shelegar’ its 0.035% in year .
WHICH ARE MY TAXES IF I DECIDE TO SELL MY PROPERTY & HOW CAN I SELL IT?
Before decideing to sell your property you need to have an consultation with your real estate expert, he will let you know the prices of each area so you will own great knowledge about the latest prices in the specified areas. Mostly prices grow 15%-20% every year .
If you want to sell your property you will only pay the added value over the base price that you bought it ,then you will pay the tax difference which is approximately only 15%.
EXAMPLE: Property is bought at a value of 150,000 and you decide to sell it at the value of 180,000 you wil be taxed over the value of 30,000 which is obviously the price difference.
30,000×15%= 4,500 and finally this is the price you will pay to the state.
2)The process commences with the initiation of listing your residential property for sale and, if so inclined, engaging the services of proficient real estate agents. In parallel, it is highly recommended that a comprehensive analysis of all associated selling expenditures and tax implications be undertaken, alongside an estimation of potential income tax obligations. This data serves as a pivotal tool in the calculation
of the optimal listing price for the property. It is further suggested that rigorous control be exercised over the property’s online positioning, ensuring that it is uniformly advertised at the designated asking price across all sales channels. If so please contact Pro Estate for any further help.
IS THERE ANY TAXES IF I RENT MY PROPERTY OUT ?
Albanian state only taxes the personal income that come from the profits of the property, which is particulary considered to be 13% for a certain amount, and it adds up to 15%.
CAN I “RUN” OR SAVE MYSELF FROM TAXES ?
Surely yes, you can minimize them. If you want better knowledge in this topic contact us in our numbers or in our Gmail to earn a free consulence from our experts.