Taxes in Europe Database v2
Regulations issued by the Cabinet of Ministers.
Territory of Latvia.
Duty should be paid by juridical persons and physical persons for consolidation of ownership and legal liens in Land Register, except legacies and donations.
Duty for consolidation of ownership in Land Register depends on the real estate value.
Duty for legal liens in Land Register depends on the credit agreement amount.
Duty shall not be paid by:
1. The amount of the state duty on the registration of proprietary rights in the Land Register for each real estate is determined as follows:
1.1. confiscation of landed property or of the landed and construction property or of construction property which includes a dwelling house - 2% of the value of real estate;
1.2. confiscation of the landed and construction property or of construction property which includes only a nonresidential building or nonresidential buildings and engineering structures related to them - 2% of the value of real estate, but not exceeding EUR 42,686.15;
1.3. confiscation of property pursuant to a gift agreement - 3% of the value of real estate;
1.4. investing real estate in the fixed capital of a capital company - 1% of the amount of real estate contribution to be invested in the fixed capital of a capital company;
1.5. confiscation of residential property from a legal person that conducts a business activity - 6% of the value of residential property.
2. For relatives, the state duty on the registration of proprietary rights in the Land Register for each real estate, mentioned in sub-paragraph 1.1. and 1.2., is determined in the amount of 0.5% of the value of real estate.
Duty should be paid before the legal act.