Rents: Can landlord and tenant freely agree rents in Lebanon? The Lebanese rental market can be divided into two broad categories: the old controlled market, and rent contracts signed after 23 July 1992. Rents can be freely agreed between landlord…
Buying costs are moderate in Lebanon
How difficult is the property purchase process in Lebanon? Foreign ownership of real estate property is allowed in Lebanon. Foreigners can acquire up to 3,000 square meters (sq. m) of land. Any bigger than this, a prior decree from the…
Tax Example: Rent
Nonresident Couple: Non-resident couple´s joint monthly rental income1 €1,500 €6,000 €12,000 Annual Rental Income 18,000 72,000 144,000 Less Costs2 (2,520) (10,080) (20,160) Less Depreciation3 (900) (3,6000) (3,600) Less Management Fees4 (900) (3,600) (3,600) =…
Rental income tax is moderate in Lebanon
INDIVIDUAL TAXATION Nonresidents pay tax only on Lebanese-sourced income and capital gains. Married couples are taxed separately. INCOME TAX There are three categories of income in Lebanon and each category is taxed separately: business income, employment income, and income from…