From July 1, 2021, following amendment came into force “the rules of the Cabinet of Ministers of the Republic of Latvia No.1250 adopted October 27, 2009 “. According to the amendment, new fees were established.
1.5% of the value of immovable property – in case of alienation of property on the basis of an agreement or a court decision approving the act of the auction or on the basis of a court decision on securing immovable property for the winner in the auction, co-owner or creditor, if the right of ownership is obtained by an individual.
2% of the value of immovable property – in case of alienation of property on the basis of an agreement or a court decision approving the act of the auction or the basis of a court decision on securing immovable property for the winner in the auction, co-owner or creditor, if the title to the property is received by a legal entity.
3% of the value of immovable property – in case of alienation of property on the basis of a gift agreement.
1% of the investment amount contributed to the fixed capital of the real estate of the capital company – in the case of the contribution of the immovable property to the equity capital.
The following provisions remain unchanged
State Fee for Registering Ownership rights in the Land Register for children, spouse, parents, siblings, step-brothers, step-sisters, grandchildren, great-grandchildren, grandparents, per immovable property shall be determined as 0.5% from the value of the immovable property (euros).
State fee for registering ownership rights to an immovable property to heirs, based on a certificate of inheritance issued by a notary, shall be determined as follows, if the value of the inherited immovable property does not exceed 10 minimum salaries:
In cases regarding confirmation of the right of inheritance:
- for the spouse and the first-, second-, and third-class heirs who have been residing with the deceased – 0.25% of the value of the inherited immovable property;
- for other first- and second-class heirs – 0.5% of the value of the inherited immovable property;
- for other third-class heirs – 1.5% of the value of the inherited immovable property;
- for fourth-class heirs – 5% of the value of the inherited immovable property;
In cases regarding the coming into force of the last will instruction instrument or inheritance contract:
- for the spouse and the first-, second-, and third-class heirs – 0.125% of the value of the inherited immovable property;
- for fourth-class heirs – 4% of the value of the inherited immovable property;
- for other testamentary or contractual heirs – 7.5% of the value of the inherited immovable property;
- for testamentary or contractual heirs, if they are organizations that provide public good – 1.5% of the value of the inherited immovable property.
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