Sale of Real Estate in Latvia in 2025

Capital Gains Tax — 25.5%
Calculated from the difference between the sale price and the purchase price + documented investments (repairs, reconstruction).

Tax is not payable if:
• the property has been owned for more than 5 years and was the declared place of residence for at least 12 months;
• the property has been owned for more than 5 years and it has been the only real estate owned during the last 5 years;
• it is the only property, and the proceeds from the sale are reinvested into similar real estate within 12 months before or after the sale.