Latvia

Capital Gains Taxes (%) - Latvia Compared to Continent

Footnote

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Andorra	0.00%
Austria	0.00%
Belgium	0.00%
Bulgaria	0.00%
Croatia	0.00%
Cyprus	9.84%
Czech Rep.	0.00%
Denmark	42.25%
Estonia	22.05%
Finland	28.00%
France	12.90%
Germany	0.00%
Greece	0.00%
Hungary	10.73%
Ireland	18.56%
Italy	0.00%
Latvia	0.00%
Liechtenstein	0.00%
Lithuania	0.00%
Luxembourg	0.00%
Macedonia	16.24%
Malta	22.98%
Moldova	10.00%
Monaco	0.00%
Montenegro	0.00%
Netherlands	0.00%
Norway	25.90%
Poland	0.00%
Portugal	11.32%
Romania	0.00%
Russia	0.00%
Serbia	20.00%
Slovak Rep.	0.00%
Slovenia	8.50%
Spain	29.75%
Sweden	18.18%
Switzerland	27.17%
Turkey	0.00%
UK	31.24%
Ukraine	26.00%

 

 

Latvia: Capital gains taxes (%).

In arriving at effective capital gains tax rates, the Global Property Guide makes the following assumptions:

• The property is directly and jointly owned by husband and wife;
• They have owned it for 10 years;
• It is their only source of capital gains in the country
• It has appreciated in value by 100% over the 10 years to sale
• The property was worth US$250,000 or €250,000 at purchase.
• It is not their sole or principal residence.

These assumptions are critical. In many countries a holding period of less than 5 years results in capital gains being taxable. But a longer holding period often results in no capital gains tax being payable. For more details see the Data FAQ

Source: Global Property Guide Research, Contributing Accounting Firms

 

Latvia generates an annual house price time-series, issued by the Central Statistical Bureau of Latvia. In addition, apparently good quality monthly house price data come (free) from the realtor Latio. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.