Finland: Worked Example of Tax on Rent
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Last Updated: Sep 29, 2006
Tax Example: Rent
| Non-resident couple's joint monthly rental income1 | €1,500 | €6,000 | €12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less Costs (15%)2 | (2,700) | (10,800) | (21,600) | |
| = Taxable Income | 15,300 | 61,200 | 122,400 | |
| Income Tax Rates for "Capital Income" | ||||
| Flat Rate | 28% | 4,284 | 17,136 | 34,272 |
| Annual Income Tax Due | €4,284 | €17,136 | €34,272 | |
| Tax Due as % of Gross Income | 23.80% | 23.80% | 23.80% | |
Thanks to: |
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DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on September 29, 2006.
Notes
1 The property (shares of a mutual real estate company) is jointly owned by husband and wife, but then taxed separately (50% upon each partner).
2 Estimated costs. All direct income-generating expenses are deductible.
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