REALWorld Law

Taxes

Other costs of receiving income

Are any costs/charges (other than tax) payable in respect of income generated from an investment in real estate and who are these charges payable to?

Angola

Angola

Fees of legal and other professional advisors which are payable in connection with the ongoing management of the property. The owner may incur further costs related to the maintenance of the property (payable to the relevant suppliers).

Australia

Australia

There may be fees of real estate agents, legal and other professional advisors in connection with the ongoing management of the property.

Belgium

Belgium

Not applicable.

Bosnia-Herzegovina

Bosnia-Herzegovina

No.

Canada

Canada

No.

China

China

The fees of agents, and legal and other professional advisors are payable in connection with the ongoing management of the property.

Croatia

Croatia

No.

Czech Republic

Czech Republic

There are no special costs or charges payable in respect of income generated from investment in real estate in the Czech Republic.

Denmark

Denmark

No.

France

France

No.

Germany

Germany

No.

Hong Kong

Hong Kong

No additional tax applies but stamp duty will be payable if the income is generated by a transfer (subject to possible exemptions).

Hungary

Hungary

No.

Ireland

Ireland

Local authority rates are payable by the occupiers of commercial and industrial property. These are based on property valuations which depend on factors such as location, square footage and the nature of the business. Rates can normally be claimed as a deduction against taxable income.

Italy

Italy

No other costs would normally be incurred in relation to income generated in Italy.

Japan

Japan

Netherlands

Netherlands

No.

Nigeria

Nigeria

Costs may accrue as fees payable to professional consultants engaged by the real estate owner or to suppliers for supplies and other services rendered and pertaining to the property.

Norway

Norway

No other costs are payable except the usual costs of advisors etc.

Poland

Poland

No.

Portugal

Portugal

The income generated from real estate ownership is only subject to taxes. No other cost or charges are payable.

Romania

Romania

The costs include professional advisors' fees (ie the fees of accountants, etc) and bank fees and are negotiated for each particular case.

Russia

Russia

There are no costs/charges, other than tax, payable in relation to income generated from a company's ownership of real estate under current legislation.

Slovak Republic

Slovak Republic

No.

Spain

Spain

The owner may incur further costs and expenses necessary to generate income, ie water and electricity charges, and the cost of maintenance and repair of the property. These are payable to the relevant suppliers.

Sweden

Sweden

No.

Thailand

Thailand

No.

United Arab Emirates - Abu Dhabi

United Arab Emirates - Abu Dhabi

No.

United Arab Emirates - Dubai

United Arab Emirates - Dubai

The fees of agents, lawyers and other professional advisors are likely to be payable in connection with the on-going management of the relevant property.

UK - England and Wales UK - England and Wales

UK - England and Wales

The fees of agents, and legal and other professional advisors are payable in connection with the ongoing management of the property.

UK - Scotland

UK - Scotland

The fees of agents, and legal and other professional advisors are payable in connection with the ongoing management of the property.

Ukraine

Ukraine

A company is not required to pay any costs/charges (apart from taxes) in respect of income generated from real estate.

United States

United States

No.

Zimbabwe

Zimbabwe

There are no other costs of receiving income.