Property Tax in Egypt

When buying a property in Egypt it is essential that you understand how the tax system works and know exactly what you will be liable for. It is important to recognise that Egypt is still a very young market and the tax situation may change. The team at My Other House is able to offer guidance and advice on tax issues however, it is recommended that you consult an independent tax advisor/your accountant to discuss the tax implications of your individual situation.

Foreign nationals are restricted by law to owning only two properties at any one time and these must not be larger than 4,000 square metres in size. However, the government of Egypt is working hard to promote investment incentives and make the country a more attractive place for foreigners to invest in property.

Below is a guide to help you understand tax in Egypt.

Capital Gains Tax
In Egypt there is no Capital Gains Tax levied on property.

Inheritance Tax
Inheritance Tax doesn’t exist in Egypt.

Stamp Duty
There is no stamp duty in Egypt.

Tax from the sale of the property

When selling on a property in Egypt the seller must pay a tax of 2.5% on the sales price.

Property Rental Tax

All incomes earned from a property (rental or other) in Egypt must be detailed in a tax return, filed by 31st March each year. The following rates of taxation on rental income apply (per year):

* Exchange rate offered as a guide only

Property registration

Once the sale has been completed and the contracts have been signed, the property must be registered with the local real estate department and the public notary. A fee of 3% of the value of the property is required to be paid on registering the purchase.

Real Estate Tax
There is an annual real estate tax that varies depending on location and standard of property.

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