Property taxes in Egypt — what foreign owners pay
Egypt has a very favorable tax regime for property owners making it attractive for international investors. Annual Property Tax: Properties under 2 million EGP approximately 35,000 EUR are exempt from annual property tax. Properties above this threshold pay 10% of the net annual rental value. Most apartments in Hurghada fall below the exemption threshold meaning zero annual property tax. Capital Gains Tax: 2.5% of the sale price when selling property. Paid by the seller. Among the lowest capital gains rates in the world. Rental Income Tax: Rental income is taxable in Egypt. Tax rates on rental income range from 0-25% depending on total income. Many foreign landlords pay minimal effective tax rates. There is no double taxation treaty complications for most European countries as Egypt has treaties with Germany UK Russia and others. Other Taxes: No inheritance tax on property. No annual wealth tax. No stamp duty for the buyer. VAT does not apply to residential property sales. Important: Always consult a local tax advisor for your specific situation. MAMO Property can connect you with English-speaking tax professionals in Hurghada. Contact MAMO Property at +20 11 52980998.
