Property tax in Latvia
See what Latvia's tax rules do to your property portfolio.
What Freeholt models for property, income and retirement in Latvia, and what it does not.
Free to start. No card. Rules reviewed 12 July 2026.
Modelled here
- Tax on rental income
- Capital gains on a sale
- Duty on purchase
EUR · Rates as at 12 July 2026 · Estimates, not advice
Rental income is taxed on the 2025 two band PIT scale (25.5% up to €105,300/yr and 33% above) for residents and non residents alike; the pre 2025 20/23/31 bands and the differentiated non taxable minimum are superseded and not modelled. A simplified 10% on gross regime for registered rentals, with no deductions, is a real alternative that is NOT offered here. Capital gains are a flat 20%, and the 60 month plus declared residence and reinvestment exemptions are NOT modelled.
How rental income is taxed in Latvia
For a resident owner: Progressive rates from 25.5% to 33%, stacked on other income in this country. The top rate of 33% applies above €105,300. For an owner living abroad and renting this out: Progressive rates from 25.5% to 33%, stacked on other income in this country. The top rate of 33% applies above €105,300.
Interest and losses
Mortgage interest is deductible against the rent. A rental loss is ring fenced: it carries forward against future rental income rather than reducing other income now.
Capital gains on a sale
Gains are taxed at a flat 20%.
Annual property tax while holding
An annual property or land tax is not modelled here, which is not the same as there being none. Treat holding costs on this page as excluding it.
What it costs to buy
About 1.5% of the price on purchase. State stamp duty for registering title is about 1.5% of value (capped), plus small land register fees, with no foreign buyer surcharge; the projection charges that 1.5% flat and applies no cap. It is the only one of these three the engine treats as a complete rate rather than an estimate, but it is still not a modelled schedule. NO ANNUAL PROPERTY TAX IS CHARGED HERE: the nekustamā īpašuma nodoklis (roughly 0.2 to 1.5% of CADASTRAL value) is a real yearly bill and is not modelled, so it is missing from the figures rather than assumed to be zero. Ordinary residential apartments and houses are open to non EU buyers; the restrictions and permit requirements apply to agricultural and forest land and to designated border areas.
How Freeholt models Latvia
Every rate above is priced from Freeholt's own table for Latvia and runs through the whole projection: rental income, a modelled sale and the annual holding costs all use the same figures. They cannot be edited yet, so a position that differs from the defaults has to be read with that in mind. The estimate assumes an individual owner rather than a company or trust, and where a rule is not modelled it is listed below rather than quietly priced at zero.
What running this property costs
In Latvia this covers the apsaimniekošanas maksa (building management and maintenance charge, commonly €1 to 2/m² a month) and the NĪN real estate tax, charged at 0.2 to 0.6% of the CADASTRAL value rather than the market price. Heating is a large share of a vacant unit's winter cost, since Rīga area blocks run on district heating.
How borrowing works here
Latvian mortgages are almost entirely Euribor linked variable rate (over 93% of new housing loans in Latvia, Estonia and Finland combined, against roughly 15% across the euro area), with loan to value capped around 80 to 90% under Latvijas Banka's responsible lending rules. No binding regulatory maximum maturity was confirmed, so the 30 year term here is a regional norm rather than a rule.
What actually happened here
This country's own record, one year at a time. Nothing on this page is borrowed from another country. Move across a chart to read a year.
What Freeholt models here
- ModelledTax on rental income
- Resident and non resident rates, with interest and losses treated under the local rule.
- ModelledCapital gains on a sale
- Priced in the year of the sale under the rules of that year.
- ModelledDuty on purchase
- One off, on the way in, at the scale in force.
- Not yetAnnual property or land tax
- Not priced here; the page says where the charge falls instead.
- Not yetIncome tax beyond the rent
- Not modelled for this country yet.
- Not yetDividends, interest and share sales
- Not modelled for this country yet.
- Not yetRetirement savings
- Not modelled for this country yet.
- Not yetInheritance and what happens on death
- Not modelled for this country yet.
What Freeholt does not model here
- Any annual property or land tax, which may still exist here
- Inheritance and estate tax
- Treaty relief between this country and the owner's country of residence
Coverage deepens country by country. Every figure is an estimate, not advice.
Compare with another country
Each page is built from the same table the app runs on, so the figures line up side by side.
Compare Latvia with another country — rent, gains, annual tax and duty, side by side.
Questions people ask
- Does Freeholt model Latvia property tax?
- Yes. Rental income tax, capital gains on a sale and duty on purchase are priced from Freeholt's own rate table for Latvia. Annual property or land tax is not priced here, and the page says so rather than showing a zero. The rates are not editable yet, so one that differs in a particular case cannot be overridden. Every figure is an estimate, not advice.
- How is rental income from Latvia taxed if I live somewhere else?
- Progressive rates from 25.5% to 33%, stacked on other income in this country. The top rate of 33% applies above €105,300. Tax may also be due in the country of residence, with credit for what was paid here. Estimates only, not advice.
- What are the Latvia figures as at?
- The rate table for Latvia was last reviewed on 12 July 2026. Freeholt date stamps every country rather than implying all of them were checked on the same day. Estimates only, not advice.
Model a property in Latvia alongside everything else you own: see the year your portfolio starts paying you back.