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Rental Income Tax - Finland Compared to Continent


Footnote   |   Export

Sort: Alphabetically  | Ascending Rank  |  Descending Rank


Click name of country for detailed information


Switzerland 48.56%
Portugal 26.44%
Austria 24.92%
Malta 23.33%
Finland 22.50%
Slovenia 22.50%
Turkey 21.94%
Norway 20.80%
Russia 20.00%
Estonia 20.00%
Spain 19.00%
Ukraine 18.00%
Italy 17.25%
Latvia 17.25%
Serbia 15.00%
Albania 15.00%
Hungary 13.50%
Poland 13.50%
Netherlands 13.42%
Ireland 10.05%
Moldova 10.00%
Bosnia & H. 10.00%
Bulgaria 10.00%
France 10.00%
Iceland 10.00%
Belarus 9.75%
Romania 9.60%
Slovak Rep. 9.28%
Croatia 8.40%
Belgium 8.11%
Andorra 7.50%
Macedonia 7.50%
Greece 7.50%
Czech Rep. 5.57%
Montenegro 5.40%
Germany 2.71%
Lithuania 1.96%
Denmark 1.71%
Monaco 1.00%
Cyprus 0.00%
Liechtenstein 0.00%
Luxembourg 0.00%
UK 0.00%
Sweden 0.00%

 

 

Finland: 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

 

Finland publishes good house price and rent statistics. The best source is Statistics Finland, though some longer time-series are in Finnish (asuntojen hintakehitys = dwelling price changes).

The Institute for Real Estate Economics has The Finnish Property Monthly, Quarterly and Annual reports. The Bank of Finland is a third good source (see statistics | prices and costs | domestic asset prices).





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