Purchasing a building without land
You can just buy a building or structure without the land or transferable leasehold rights to the land. Pay the transfer tax on the purchase price – or other compensation – for the building or structure. You must calculate the transfer tax amount and pay it on your own initiative.
Examples of buying a building without the land where it is located include purchase of a small summer cottage or cabin located on a rented garden allotment, if your leasehold right to the allotment does not need registration with the National Land Survey. This is also the case if you cannot transfer the leasehold rights on to another party without the lessor’s consent. In cases like these, you pay transfer tax only on the part of the purchase price that reflects the fair market value of the building. Enter the building’s value in the deed of sale as a separate item. Read more about how the value of a building is determined.
File the return
File the transfer tax return within 6 months from signing the deed of sale or other contract. If there are more than one buyers – if you and your spouse are co-owners, for example – each buyer must submit their own transfer tax return.
Enclose the following documents:
- a photocopy of the signed deed of sale or other contract
- a specification of the building’s fair market value, if the transfer tax is based on the building’s fair market value and the fair market value is not specified in the deed of sale.
Individual taxpayers, general partnerships and limited partnerships can submit the return on paper.
You do not have to apply to the National Land Survey for registration of title.
Pay the tax
Pay the transfer tax within 6 months from signing the deed of sale or other contract.
- If you pay in MyTax, the reference numbers and other payment information are pre-completed. MyTax calculates the tax amount based on the transfer tax return you have filed.
- If you make the payment in your online bank, you will need the Tax Administration's bank account number and your personal reference number for transfer taxes. To get the bank account and reference numbers, you can:
- Check them in MyTax: Click the Your tax types tab on the home page. Go to Payment status and click Paying taxes. You can find the reference number and the Tax Administration bank account numbers in the Transfer tax section under Other payment methods.
- Call the service number 029 497 026 (Payment transactions, limited service available in English, standard call rates).
When paying, enter the amount of tax with two decimal points. Round out the amount to the nearest cent as usual. For example, if the exact amount is €345.67890, you must round out the amount and pay €345,68 as your tax.
If there are more than one buyers – such as you and your spouse – each buyer must pay their own share of the transfer tax using their own personal transfer tax reference number. The payment will be displayed in MyTax in 1–2 business days.
YOU RECEIVE A CERTIFICATE OF TRANSFER TAX
You will receive a certificate paid transfer tax in MyTax or by post. After you submit the return and pay the tax, the certificate will be in MyTax within 2 business days. How to find the certificate in MyTax.
If you filed your transfer tax return on paper, it may take longer for the certificate to become available in MyTax.
Amount of transfer tax on a building
The tax is 4% of the price or the value of other compensation. Transfer tax is based on the building’s fair market value in cases where you have purchased a garden allotment cabin and you are not required to apply to the National Land Survey for registration of title.
In the same way, the tax is 4% of the building’s fair market value also if you receive the building as part of a former company’s liquidated assets, distributed after dissolution of the company. The transfer tax calculator can indicate an approximate amount to pay.
Building value depends on fair market value on the date of sale. Fair market value means the probable selling price of the building.
The building’s fair market value is normally shown on the deed of sale. You can also specify the fair market value in a separate document enclosed with the deed. After you have stated a value for the building, the Tax Administration confirms the value according to its valuation principles. The valuation takes into account the building’s age, size, condition and other features. If not only the building but also some furniture, chattel and other movable assets are included in the price, you must specify the movable assets’ type, characteristics and quantity.