Before the registration of ownership, the new owner must submit a transfer tax return and pay transfer tax. If no tax return has been submitted and no transfer tax has been paid, penalty interest will be accrued immediately after the new owner has applied for the registration of ownership.
There will be no late-filing or late-payment penalties when the transfer tax return has been submitted and transfer tax paid correctly and on time.
Transfer tax is paid to the Finnish Tax Administration
The transfer tax return must be submitted and tax must be paid to the Finnish Tax Administration in the MyTax service. The new owner must submit the transfer tax return and pay tax to the Finnish Tax Administration. If there are several buyers such as spouses, each must submit their own transfer tax return and pay their share of transfer tax.
‘We have run into unpleasant situations from the customer’s point of view, where the customer has applied for the registration of ownership after the transaction, even though they have not yet taken care of transfer tax. As late-payment penalties start to accrue the very next day after the application is submitted, it is important that the obligations related to transfer tax have been fulfilled before applying for the registration of ownership,’ says Service Manager Sini Fagerström.
In questions related to transfer tax, customers should turn to the Finnish Tax Administration.
Registration of property ownership is easy online
Once tax obligations have been fulfilled, the registration of property ownership can easily be applied for in the National Land Survey of Finland’s (NLS) e-service. You can apply for the registration of ownership with a single application for all properties covered by the deed of sale or agreement. You can apply for the registration of ownership for yourself and on behalf of others.