🇲🇨 Monaco

Property Taxes and Buying Costs in Monaco

Budget 6–10% on top of the price for a resale apartment. On a 60 m² apartment in Monaco (about €2,880,000) that is roughly €172,800–€288,000.

Costs when you buy

Registration duty (individuals)
4.75% of price (7.5% for most indirect ownership through companies)
Notary fees
approx. 1.5% of price
VAT on new builds
20% VAT is included in developer prices; reduced registration duties then apply
Agent commission
approx. 3% plus VAT, usually paid by the buyer

Costs while you own

Annual property tax
None

Tax on rental income

Monaco levies no personal income tax on rental income; French nationals and some companies are taxed differently, and owners may be taxed in their country of residence.

Frequently Asked Questions

What taxes do you pay when buying property in Monaco?↓
Registration duty (individuals): 4.75% of price (7.5% for most indirect ownership through companies). Notary fees: approx. 1.5% of price. VAT on new builds: 20% VAT is included in developer prices; reduced registration duties then apply. Agent commission: approx. 3% plus VAT, usually paid by the buyer.
What are total closing costs in Monaco?↓
Typically 6–10% of the purchase price for a resale apartment.
How is rental income taxed in Monaco for non-residents?↓
Monaco levies no personal income tax on rental income; French nationals and some companies are taxed differently, and owners may be taxed in their country of residence.
Buying property in Monaco: step-by-step guide →
Property prices in Monaco →Rental yield calculator →

Last reviewed 2026-10. General information, not tax or legal advice: rates change and often depend on region and buyer status, so confirm with a local notary, lawyer or tax adviser. Sources: Chambers Private Wealth 2026: Monaco.