Property

Monaco — Property: Property Taxes

Monaco is globally unique for imposing no ongoing annual property taxes, council taxes, or housing taxes (taxe d'habitation) on residential real estate. While ownership costs are exceptionally low, the upfront friction costs during acquisition are substantial. Buyers of resale properties must pay a proportional registration duty (droit d'enregistrement) alongside notary fees, which are determined by the legal structure of the purchasing party. Purchases made by individuals or transparent Monegasque civil companies (SCIs) are heavily favored, whereas acquisitions through offshore or non-transparent corporate entities are penalized with higher tax rates.

Gouvernement de Monaco - Direction des Services Fiscaux · Last verified 2026-07-17

Key Facts

  • Monaco levies 0% in annual municipal property taxes or residential council taxes.
  • Individual buyers pay a proportional registration transfer duty of 4.75% on resale properties.
  • For foreign companies or complex structures, the registration transfer duty rises to 7.5% or 10%.
  • Notary fees are regulated on a sliding scale, typically totaling around 1.5% for individual buyers.
  • New-build properties and extensive renovations are exempt from registration duty but incur a 20% VAT.
  • Rental agreements must be registered with the Tax Services, incurring a 1% leasehold duty paid by the tenant.
  • Real estate capital gains realized by individual residents upon selling a property are taxed at 0%.

Related Topics

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