Denmark

Rental Income Tax, Effective Tax Rates (%) - Denmark Compared to Continent

Footnote

Sort: Alphabetically  |  Ascending Rank  |  Descending Rank

Andorra	3.00%
Austria	12.38%
Belgium	12.06%
Bulgaria	10.00%
Croatia	10.50%
Cyprus	0.00%
Czech Rep.	5.52%
Estonia	22.00%
Finland	23.80%
France	7.00%
Germany	15.82%
Greece	2.75%
Hungary	18.72%
Ireland	10.05%
Italy	19.55%
Latvia	0.00%
Lithuania	2.90%
Luxembourg	7.02%
Malta	17.78%
Monaco	0.00%
Netherlands	15.00%
Norway	26.86%
Poland	17.44%
Portugal	13.25%
Romania	12.00%
Russia	30.00%
Slovak Rep.	9.30%
Spain	24.00%
Switzerland	48.56%
Turkey	14.61%
UK	0.00%
Ukraine	15.00%

 

 

Denmark: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

• Gross rental income is €/US$1,500/month
• The property is personally directly owned jointly by husband and wife
• Both owners are foreigners and non-residents
• They have no other local income
• There is no mortgage, i.e., no loan is taken for the purchase

In arriving at the pre-tax profit figure, we calculate, and deduct:

• Depreciation / capital allowances – if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.

We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical ‘actually incurred’ costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms

 

Denmark generates good house price data. Prices of new and existing dwellings are published by the StatBank Denmark. General economics statistics are available from the National Bank of Denmark and the StatBank Denmark.