Question 1

What is the Property Transfer Tax rate on real estate in Åland?

Accepted Answer

Under the Transfer Tax Act, real property conveyances attract a 3% transfer tax on total purchase price, while housing company share certificates incur 1.5%.

Question 2

When must transfer tax be paid to the tax administration (Skatteforvaltningen)?

Accepted Answer

For real estate, tax is due within 6 months of signing the deed; for housing shares handled by realtors, tax is paid at closing.

Question 3

Are gifts or inheritance transfers subject to transfer tax?

Accepted Answer

Transfers by gift or testamentary inheritance are exempt from transfer tax, but subject to separate gift and inheritance tax assessments.

Question 4

Are mortgages and loans taken over by the buyer included in the taxable base?

Accepted Answer

Yes, any existing debt or financial liability assumed by the purchaser forms part of the taxable consideration for transfer tax calculation.

Question 5

What registration proof must be submitted to the Land Survey (Lantmäteriverket)?

Accepted Answer

Title registration (lagfart) requires proof of paid transfer tax and confirmation of Hembygdsrätt or Landskapsregering acquisition permit.

Purchase Price	€260,000
Statutory Transfer Tax Rate	3.0%
Transfer Tax Payable to Vero	€7,800
Total Acquisition Expenditure	€267,800

Åland Islands Property Transfer Tax (Överlåtelseskatt) Calculator

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Engr. Muhammad Shahzad