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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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