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.