Real estate tax for a foreigner in Georgia
Ira asks:
Good afternoon! Please tell me what property tax in Georgia is for foreigners if they receive income not in Georgia ?!
Expert answers (1)
There is no purchase tax in Georgia, including from foreigners. Georgia has the lowest tax burden in Europe. “The owners are taxed only when selling an object that they have owned for less than two years, it is 5%.” It is worth noting that the procedure for registering real estate in this country is very simple and takes only 15 minutes. Georgia ranks third in the world in this indicator.
There is a property tax on real estate, the amount of which is established by individual municipalities. The maximum annual rate is 1% of the value of the property. The rate depends on the annual family income received in Georgia. Therefore, if you earn in the country, then do not pay property tax.
There is a property tax on real estate, the amount of which is established by individual municipalities. The maximum annual rate is 1% of the value of the property. The rate depends on the annual family income received in Georgia. Therefore, if you earn in the country, then do not pay property tax.
15.02.2020
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