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Saudi Arabia – Property Taxes

Property Tax

  • In Saudi Arabia, there is no property tax.

Capital Gains Tax (CGT)

  • There is no capital gains tax in Saudi Arabia.

Inheritance Tax

  • There is no inheritance tax in Saudi Arabia.

Gift Tax

  • There is no gift tax in Saudi Arabia.

Tax on Property Income

  • Renters in Saudi Arabia are required to pay a tax on their rental income, known as Zakat. This tax is levied on all forms of income, including property rental income, and is calculated as a percentage of the individual’s total income.

Tax Advantages in Buying a House in Saudi Arabia

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  • Since there is no property tax, capital gains tax, inheritance tax, or gift tax in Saudi Arabia, buying a house in the country can be seen as a tax-free investment.
  • Additionally, there is no restrictions on foreign ownership of property in Saudi Arabia, making it a popular choice for foreign investors.

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