By Vangjel Dhimo on February 25th, 2023
Do you own a home you don’t regularly use and have considered renting? If you own a property in Saranda and are considering renting it out. In that case, you can find detailed information on taxes and expenditures for property owners renting out their property in Albania on this guide.
TAXES AND COSTS FOR OWNERS LOOKING TO RENT THEIR PROPERTY IN SARANDA, ALBANIA
If you own a property in Saranda and are thinking of renting it will be considered as personal income and it is subjected to a 15% tax on the profits you are going to make.
AGENCY FEE
If you use a real estate agent to rent out your home, whether short or long-term, you must pay them fees, which are usually based on a “no win, no fee” principle.
HOW CAN I AVOID PAYING RENT TAX?
You are required to pay tax on your net rental income. You can’t avoid it, but you may reduce your net income by including all of the rental charges that can be subtracted in any case like repairs and maintenance costs of the property.
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