I own an apartment and I switched from a paper share certificate to electronic registration in the Residential and Commercial Property Information System. Can I deduct the registration fee from rental income or otherwise in my taxation?

You cannot deduct the registration fee or other expenses related to electronic registration of ownership from rental income. Instead, you can deduct these expenses in connection with capital gains tax if you sell your apartment at a later date. In this case, enter the expenses in the acquisition cost section in the capital gain calculation.

In case of a tax-exempt sale of your permanent home, you cannot deduct expenses related to electronic registration in your taxation.

Expenses deductible from capital gains include:

• the registration fee charged by the National Land Survey of Finland (currently €63) from the apartment owner
• fees charged by the bank, if the bank takes care of the electronic registration on behalf of the owner
• expenses caused by making a missing share certificate void so that the ownership can be entered into the Residential and Commercial Property Information System.