My father owns a property/cottage in Finland and he wants to transfer it to me. The cottage was inherited some years ago (our family originates from Finland). We are Norwegian citizens and our Finnish skills are almost non-existant. I've tried googling on how to go through with this transfer of property, but it's not easy to navigate the Finnish bureaucracy websites. Should I engage an english-speaking real estate agent or lawyer to handle all the paperwork required? Any help or pointers are welcome!

by _mr-pink_

5 comments

  2. Thats pretty much 1 on 1 of the cottage my fathers sister have, they look nice and cozy

  3. Everything is available in Swedish too, so that should be easier for you than Finnish.

    If the selling price is less than 75% of the value of the property (in this case it would probably be safe to use the inheritance value) it is considered as a gift and you would need to pay tax on the difference.

    If it is given as a gift, there is a separate tax for this. More details here [gåvoskatt](https://www.vero.fi/sv/privatpersoner/egendom/gava/)

    As his son, you would be in the tax group 1 for close relatives.

  4. This would be considered a gift and would be taxed with gift tax I think. A smaller gift tax because to a child.

    I think they have people in banks who might do the transfer, and the real estate agents. I’d use a professional.

    Then you have to register it to The land survey administration, our bank lawyer did that too at the same time as transfer.

  5. Swedish is the first of the two primary langugages. Norwegian is going to be fine. Finnish didn’t even have a written language for hundreds of years until a swede wrote it down. Go get em.

Comments are closed.