Real Estate Transfer
Real Estate Transfer fees are imposed by the Lands Registry in order to transfer FREEHOLD ownership to the name of the purchaser. The transfer fees are due for payment when the transfer of the title deed in the name of the purchaser takes place. The Purchaser is solely responsible for the payment of the transfer fees. The rates are on a graduated scale.
If the property is in joint names e.g. of a couple (husband and wife) or two individuals, then the purchase value is divided into two parts which results in reduced transfer fees.
The following example clearly illustrates this:
For property purchased for € 200.000 in one name, the fees payable are € 9.165,59.
For property purchased for € 200.000 in the names of two persons, the fees payable are € 6.582,80.