When choosing a new house or apartment, it is important to remember that a certain amount (sometimes quite significant) is necessarily added to the price that the owner asks. It’s about the bills for registration, the services of a lawyer, commission for a realtor, and of course, about taxes. Real estate agency refers to countries with the highest and lowest fees for the purchase of real estate.

The size of the tax for acquisition can become a decisive argument in favor of buying housing in a particular country, especially when the price of the matter is a million dollars. One of the leading international consulting and audit companies UHY has published a new report on tax obligations in different countries of the world when buying real estate for 1 million dollars.

The average rate for European countries is 3.8%. That is, when buying a property for 1 million dollars, the buyer pays 38,355 dollars to the state treasury.

Surprisingly, the United States and Russia became the most profitable countries for purchasing expensive housing. But in Belgium and Spain, lovers of luxury will have to replenish the local budget well. But let’s start in order.

Cost Of Property Tax In Belgium

Cost Of Property Tax In Belgium

Tax on the purchase of real estate for 1 million dollars: 11.3%

How much to pay: 113,131 dollars

Cost Of Property Tax In Spain

Cost Of Property Tax In Spain

Tax on the purchase of real estate for 1 million dollars: 8%

How much to pay: $ 80,000

Cost Of Property Tax In Pakistan

Cost Of Property Tax In Pakistan

Tax on the purchase of real estate for 1 million dollars: 6%

How much to pay: $ 60,000

Cost Of Property Tax In France

Cost Of Property Tax In France

Tax on the purchase of real estate for 1 million dollars: 5.1%

How much to pay: $ 50,900

Cost Of Property Tax In India

Cost Of Property Tax In India

Tax on the purchase of real estate for 1 million dollars: 5%

How much to pay: 50 262 dollars

Cost Of Property Tax In Croatia

Cost Of Property Tax In Croatia

Tax on the purchase of real estate for 1 million dollars: 5%

How much to pay: $ 50,000

Cost Of Property Tax In Germany

Cost Of Property Tax In Germany

Tax on the purchase of real estate for 1 million dollars: 5%

How much to pay: $ 50,000

Cost Of Property Tax In Malta

Cost Of Property Tax In Malta

Tax on the purchase of real estate for 1 million dollars: 5%

How much to pay: $ 50,000

Cost Of Property Tax In Australia

Cost Of Property Tax In Australia

Tax on the purchase of real estate for 1 million dollars: 4.8%

How much to pay: $ 48,155

Cost Of Property Tax In Uruguay

Cost Of Property Tax In Uruguay

Tax on the purchase of real estate for 1 million dollars: 4%

How much to pay: $ 40,000

Cost Of Property Tax In United Kingdom

Cost Of Property Tax In United Kingdom

Tax on the purchase of real estate for 1 million dollars: 3.5%

How much to pay: 35,382 dollars

Cost Of Property Tax In Japan

Cost Of Property Tax In Japan

Tax on the purchase of real estate for 1 million dollars: 3%

How much to pay: $ 30,135

Cost Of Property Tax In Israel

Cost Of Property Tax In Israel

Tax on the purchase of real estate for 1 million dollars: 2.7%

How much to pay: $ 27,368

Cost Of Property Tax In Denmark

Cost Of Property Tax In Denmark

Tax on the purchase of real estate for 1 million dollars: 2.1%

How much to pay: $ 21,000

Cost Of Property Tax In China

Cost Of Property Tax In China

Tax on the purchase of real estate for 1 million dollars: 2.1%

How much to pay: $ 20,585

Cost Of Property Tax In Poland

Cost Of Property Tax In Poland

Tax on the purchase of real estate for 1 million dollars: 2%

How much to pay: $ 20,019

Cost Of Property Tax In Brazil

Cost Of Property Tax In Brazil

Tax on the purchase of real estate for 1 million dollars: 2%

How much to pay: $ 20,000

Cost Of Property Tax In Mexico

Cost Of Property Tax In Mexico

Tax on the purchase of real estate for 1 million dollars: 2%

How much to pay: $ 20,000

Cost Of Property Tax In Netherlands

Cost Of Property Tax In Netherlands

Tax on the purchase of real estate for 1 million dollars: 2%

How much to pay: $ 20,000

Cost Of Property Tax In Canada

Cost Of Property Tax In Canada

Tax on the purchase of real estate for 1 million dollars: 1.8%

How much to pay: $ 17,833

Cost Of Property Tax In Italy

Cost Of Property Tax In Italy

Tax on the purchase of real estate for 1 million dollars: 1.7%

How much to pay: $ 16,713

Cost Of Property Tax In Ireland

Cost Of Property Tax In Ireland

Tax on the purchase of real estate for 1 million dollars: 1%

How much to pay: $ 10,000

Cost Of Property Tax In USA

Cost Of Property Tax In USA

Tax on the purchase of real estate for 1 million dollars: 0.6%

How much to pay: $ 5970

Cost Of Property Tax In Romania

Cost Of Property Tax In Romania

Tax on the purchase of real estate for 1 million dollars: 0.2%

How much to pay: 1500 dollars

Cost Of Property Tax In Russia

Cost Of Property Tax In Russia

Tax on the purchase of real estate for 1 million dollars: 0%

How much to pay: $ 30.45

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