Home » Egypt » Egypt – Property Taxes

Egypt – Property Taxes

In Egypt, property owners are required to pay an annual property tax, also known as “ground rent.” The tax is based on the value of the property and is typically between 0.1% and 0.5% of the property’s value. The tax must be paid to the local government office responsible for collecting taxes.

Capital Gains Tax (CGT)

When a property is sold in Egypt, the seller is subject to a capital gains tax (CGT) on the profit made from the sale. The CGT rate is 10% of the profit made from the sale.

Inheritance Tax

In Egypt, there is no inheritance tax on property. However, if the property is inherited by more than one person, each person is responsible for paying the property tax on their share of the property.

Gift Tax

There is no gift tax on property in Egypt.

Tax on Property Income

If you rent out a property in Egypt, you are required to pay a tax on the rental income. The tax rate is 20% of the rental income.

Tax Advantages
Buying a house in Egypt may have some tax advantages. For example, if you purchase a property and live in it for more than five years, you may be able to claim a tax deduction on the interest paid on your mortgage. Additionally, if you invest in a property that is designated as a tourist area, you may be eligible for a tax reduction or exemption.

Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month

Unsubscribe any time. We respect your privacy - read our privacy policy.

Latest Videos

Expat Focus Financial Update February 2024 #expat #expatlife

Expat Focus 28 February 2024 2:53 pm

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feeds settings page to add an API key after following these instructions.