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Generic Tax Name Tax on real estate - Duty for consolidation of ownership and legal liens in Land Register
Tax name in the national language Nodeva par īpašuma tiesību un ķīlas tiesību nostiprināšanu zemesgrāmatā
Tax name in English Duty for consolidation of ownership and legal liens in Land Register
Member State LV-Latvia
Tax in force since 1995/04/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Regulations issued by the Cabinet of Ministers.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

Territory of Latvia.

 
Taxpayers

Duty should be paid by juridical persons and physical persons for consolidation of ownership and legal liens in Land Register, except legacies and donations.

 
Tax object and basis of assessment

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.

 
Deductions, Allowances, Credits, Exemptions

Duty shall not be paid by:

  • persons who enter into agreements during the process of land privatisation and perform other transactions related to the restoration of the former land title or acquisition of land in possession for a charge;
  • members of a housing co-operative – for apartment privatisation papers;
  • the Ministry of Agriculture – for registration of the title rights to the land property under the State jurisdiction and bought out for the needs of agricultural scientific research and studies in the Land Register;
  • the Ministry of Environment – for registration in the Land Register of the title rights to land property under the State jurisdiction, as well as the land property procured and acquired on the basis of a barter contract for the needs of special areas of conservation;
  • diplomates and international organisations;
  • etc.
 
Rate(s) Structure

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.

 
Tax due date

Duty should be paid before the legal act.

 
Tax collector

Land Register

 
Special features

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d214cc+d91ac

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 37.51 EUR 0.17
2011 33.84 EUR 0.17
2010 24.02 EUR 0.14
2009 23.09 EUR 0.12
2008 46.62 EUR 0.19
2007 77.48 EUR 0.34

Comments