Question 1

What are the transfer costs when buying property in Monaco?

Accepted Answer

The total transfer costs when buying property in Monaco are approximately 6% of the purchase price. This comprises registration duties (droits d'enregistrement) of 4.5% payable to the Monegasque state, plus notaire fees of approximately 1–1.5% covering all legal, administrative, and registration charges.

Question 2

What is the registration duty rate in Monaco?

Accepted Answer

The registration duty (droits d'enregistrement) in Monaco is 4.5% of the agreed purchase price. This is payable on completion (signature of the acte de vente) and is typically the buyer's responsibility.

Question 3

Are there any other taxes or costs when buying Monaco property?

Accepted Answer

Beyond the 4.5% registration duty and notaire fees, there is no stamp duty, no VAT on resale properties, and no annual property tax in Monaco. New-build properties sold off-plan (VEFA) are subject to 20% VAT instead of the registration duty.

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