5 countries with no property tax

Crotia: In 2017, after a public outcry that led to a national campaign, an anti-property tax lobby succeeded in removing property taxes. They were 5% across the board, that was dropped last year.

Source: Pexels

Liechtenstein: Liechtenstein has no property taxes, but notional income on the net value of the property is subject to income tax.

Source: Pexels

Monaco is firmly on the list of countries with no taxes at all, making it a long-running favourite playground for the wealthy.

Source: Pexels

Georgia: Although there is no property tax, but if you make more than 40,000 GEL (about US$15,000) per year through Georgian-sourced income, then you’ll need to pay a small annual property tax of 1%.

Source: Pexels

Malta: The island is particularly popular among expats as it’s a jurisdiction that offers all the benefits of a European lifestyle with powerful incentives for property owners and investors.

Source: Pexels