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Monaco – Property Taxes

  • Property tax in Monaco is known as “taxe d’habitation” and is based on the rental value of the property.
  • The tax rate varies depending on the size and location of the property, with rates generally ranging from 0.1% to 1.5% of the property’s rental value.

Capital Gains Tax (CGT)

  • CGT is not imposed on the sale of property in Monaco.

Inheritance Tax

  • Inheritance tax in Monaco is based on the value of the property and the relationship between the deceased and the heir.
  • There is no inheritance tax in Monaco.

Gift Tax

  • Gift tax in Monaco is imposed on gifts of property and is calculated as a percentage of the value of the gift.
  • There is no gift tax in Monaco.

Tax on Property Income

  • Income earned from renting out property in Monaco is subject to income tax.
  • The tax rate can vary depending on the type of property and the income earned.

Tax Advantages

  • Monaco has a number of tax advantages for foreign buyers of property, including no income tax, no wealth tax, and no capital gains tax.
  • Additionally, Monaco has a number of double tax treaties in place with various countries, which can provide tax benefits for foreign investors.
  • Furthermore, properties in certain designated areas may also be eligible for tax incentives.
  • Generally, in Monaco, there is a lack of taxes, this is one of the main reasons for the large number of wealthy individuals who decide to make it their home.


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In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

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Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

Expat Focus 31 January 2024 10:36 am

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