Buyer of real estate – remember the transfer tax and registrations of title
File and pay transfer tax and ask for registration of your ownership with the National Land Survey of Finland (Finnish: Maanmittauslaitos, Swedish: Lantmäteriverket) if what you are buying is:
- a unit of real estate i.e. a specific lot and any house or other building located there – and a subdivision of land with a summer house located on it, etc.
- real estate in the form of woodlands or agricultural fields
- real estate consisting of a fractional share in a parcel of land
- a building located on leased land with a transferable contract of lease (a leasehold right).
As the buyer, you are required to calculate and pay the transfer tax independently. However, it may be that it remains unclear what exactly is the tax base. If you find yourself in this situation, you can submit a free-text request in MyTax or complete Form 6020e, Request for a statement for registration of title and other legal confirmation.
Exemptions from transfer tax may apply if you are a first-time homebuyer, and if certain requirements are met. However, you must file a transfer tax return and ask the National Land Survey to register the transfer of title to yourself.
Individual taxpayers, general partnerships and limited partnerships can file a transfer tax return either in MyTax or on paper. Corporate entities such as limited liability companies can only file a transfer tax return in MyTax. If you have engaged the services of an accounting firm or some other agent, read more about authorisations.
Calculate the tax
The rate of transfer tax is 4% on the price paid, or on the value of other consideration or compensation.
You can use the transfer tax calculator to help with your calculations.
File the return
File the transfer tax return in 6 months from the date when you signed the deed of sale or other agreement. If a contract on real estate is made on 1 November 2019 or later, you must file a transfer tax return.
If you buy together with several co-buyers, every one of them must submit a transfer tax return as well. You cannot submit information on the other buyers on the same return form (including your spouse’s information).
MyTax opens 8th November at 9 o'clock.
Individual taxpayers, general partnerships and limited partnerships can file a transfer tax return either in MyTax or on paper form.
If you file on paper, enclose a photocopy of the deed of sale (other contract) with the appropriate signatures. When you file in MyTax, you are often relieved from the obligation to send enclosures – a window will appear that tells you whether an enclosure must be sent. The Tax Administration may ask for more information later.
Even if a realtor assists you when you buy real estate, you must file your transfer tax return for it independently.
If you file the transfer tax return late, you must pay either a late-filing penalty or surtax.
Pay the tax
Pay the tax in 6 months from the date when you signed the deed of sale or other agreement. Please note that in order to pay the tax, you must use a bank reference number for transfer tax. Log in to MyTax to look up your personal reference number for transfer tax, or ask the telephone service to give it to you.
Ask for registration of your ownership by confirming the transfer of title to you or for registration of your lease contract with the National Land Survey in 6 months after you have signed the deed of sale or other agreement.
Please note that you must file a transfer tax return and pay the tax before you can request registration. You do not have to enclose a certificate on transfer tax to the request. When both the payment and the return have arrived at the Tax Administration, the National Land Survey of Finland is automatically notified of the fact that you have taken care of your transfer tax.