Guide to Property Taxes in Monaco

Monaco did away with all forms of personal income tax in 1870.

Income Tax

Individuals do not pay tax on income. However, French nationals residing in Monaco are subject to French income taxes unless took residency in Monaco before 13. October 1957.

Rental Income

Rental agreements are taxed at 1% of the annual rent plus estimated service charges. This tax is payable by the tenant.

Capital Gains

There is no capital gains tax.

Property Tax

There are generally no property taxes in Monaco.

Corporate Tax

Monaco levies corporate income tax on business profits at a rate of 25%. However, this tax is only applied to companies that generate more than 25% of their turnover outside of Monaco.

Transaction Costs

    Who Pays?
Transfer Tax 4.50% - 6.50% buyer
Notary's fees 1.50% buyer
Estate Agent's Fee 0.00% - 3.00% 
5.00%
buyer
seller
Costs paid by buyer 6.00% - 11.00%
Costs paid by seller 5.00%
ROUNDTRIP TRANSACTION COSTS 11.00% - 16.00%
Source: Global Property Guide, PWC, Deloitte

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