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Home arrow Legal and Finance arrow Transfer fees by the Department of Land and Surveys
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Transfer fees by the Department of Land and Surveys PDF Print E-mail

The fees charged by the Department of Land and Surveys for transfers of immovable property are as follows:

 

Rates applying from 19 March 1999

 

      Value                                Rate                       Fee                         Accumulated fees

        C£                                  %                        C£                                   C£

Up to 50.000                          3                     1.500                                1.500

50.001 - 100.000                    5                     2.500                                4.000

Over 100.000                         8

 

In the case of property transferred to a family company, transfer fees are refundable after five years if the property remains with the company and the shareholders remain the same.

 

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 a relative up to third degree of relation the transfer fees are calculated on the value of the property as follows:

 

if the transfer is to a spouse                            8%

if the transfer is to a child                                4%

if the transfer is to a relative                            8%

 

Value in this case is the one written on the title deed which refers to values of the year 1907.

 

In the case of companies reorganizations, transfers of immovable property are not subject to transfer fees by the Department of Land and Surveys.

                                                                                                                    PriceWaterhouseCoopers
 
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