Transfer agreement of new property

If a new piece of property bought during the construction stage is sold before ownership is transferred, the sale proceeds under a transfer agreement.

Transferor of transfer agreement – do as follows

You must calculate the amount of transfer tax yourself and pay it.

1

Calculate the tax

Transfer tax is 2% of the original sales price. The transferor does not pay the transfer tax on the housing company debt.

You can use the transfer tax calculator to help with your calculations.

2

Pay the tax

Pay the tax within 2 months from the date when you signed the transfer agreement.

The tax must be paid even if you are a first-time homebuyer. You may be entitled to the first-time homebuyer tax exemption later, provided you buy a home and the conditions for tax exemption are met.

See instructions for payment

3

File the return

File the transfer tax return within 2 months from the date when you signed the transfer agreement.

The deed of sale made at the construction stage will contain the information you must report.

File the return online (in Finnish or Swedish)

File the return on paper

Attach to the signed form

  • a receipt of tax payment
  • a copy of the sales deed signed during the construction stage
  • a copy of the signed transfer agreement.

Transferee of transfer agreement – do as follows

You must calculate the amount of transfer tax yourself and pay it.

Exemptions from transfer tax may apply if you are a first-time homebuyer. However, even in that case, you must file the return.

1

Calculate the tax

Transfer tax is 2% of the total sum, including the sales price you paid to the first buyer and any part of the sales price you paid to the developer, and any part of the company loan.

You can use the transfer tax calculator to help with your calculations.

2

Pay the tax

Pay the tax within 2 months from the date when ownership was transferred to you.

See the payment instructions

3

File the return

File a transfer tax return within 2 months from the date when ownership was transferred to you.

The transfer agreement made at the construction stage will contain the information you must report.

File the return online (in Finnish or Swedish)

File the return on paper

Attach to the signed form

  • a receipt of tax payment if you are not a first-time homebuyer
  • a copy of the signed transfer agreement
  • a receipt of the payment of the last instalment of the sales price, or a copy of the letter sent by the developer with moving-in details.
4

Give the return to the property manager

To have your name entered in the list of shareholders, show the manager one of the following:

a printout of your electronic return, complete with the acknowledgement of receipt by the Tax Administration

the processed (stamped) paper return.

Ask the property manager which other documents are needed for having your name entered in the list of shareholders.

Transfer of ownership is specified in the deed of sale. In new property, ownership is usually transferred when the building has been completed and you have paid the sales price in full.

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