Useful tips

Real estate / Taxes / For sellers / Uncategorized How many years do you need to hold onto real estate to sell it tax-free?

Most owners in Vilnius, when planning a sale, fear that a large portion of the money earned will have to be given to the state. However, the truth is that you can sell a property at any time – the question is only when the obligation to pay the 15% % income tax (GPM) on the profit earned arises. Here is a clear guide to help you understand how to legally avoid the tax burden. The main rule: 5 years If you want to [...]

Taxes / For sellers Selling Inherited Real Estate in 2026: Taxes, Innovations, and Tips

Inheritance is not only an emotional challenge but also a string of legal and tax issues. When planning to sell an inherited apartment, house, or plot of land in 2026, it is important to be aware of essential legal changes that can save you thousands of euros. In this article, we will review the most relevant information, from shortened income tax deadlines to the importance of property valuation. 1. The main novelty for 2026: the income tax deadline has been shortened […]

Useful tips / Real estate / Taxes / Rent / Uncategorized How much does a business license for apartment rental in Vilnius cost in 2026? Everything about taxes and Sodra„

Planning to rent a property in the capital? A business license remains a popular choice, but 2026 requires not only accurate day counting but also an assessment of your social insurance status. In this article, we review specific prices, Sodra contributions, and strict premises purpose limitations. 1. Precise Business License Cost in Vilnius in 2026 The fixed income tax for rentals in Vilnius amounts to 684 Eur per year. However, the final [

Useful tips / Taxes / For sellers / Land plots Sale of Agricultural Land in 2026: Personal Income Tax Relief and Land Rent Rules

Selling an agricultural plot in 2026 has become significantly more favorable than a few years ago. The main reason for this is the change in tax law, but the bureaucratic hurdles through the National Land Service (NŽT) remain the same. If you are planning a transaction this year, here are the essential points on how to handle everything without mistakes. 1. Income Tax (GPM) in 2026: Holding period has been shortened. The most relevant question for many owners is how much [...]

Useful tips / Taxes / For sellers NT tax in 2026: what every owner needs to know? (Comprehensive guide)

Are you planning to buy a home, invest in rental property, or simply want to plan your family budget? A significant real estate tax reform has been in effect in Lithuania since 2025-2026. As your real estate broker, I've prepared this simple memo so that the new rules don't catch you by surprise. What changed in 2026? The most important news is that new mass appraisal [...] came into effect on January 1, 2026.

Broker / Taxes / For sellers NT sales tax 2026: The new 5-year rule and what sellers need to know

What real estate sales taxes need to be paid today Are you planning to sell a home or plot of land in 2026? This year began with great news for property owners. As of January 1, 2026, a tax reform officially came into effect, which significantly eased the tax burden for sellers. As your real estate agent, I share the most important highlights that will help you save thousands of euros. 1. The big news: Maintenance [...]

Broker / Taxes / For sellers Common Mistakes When Selling Real Estate

To successfully sell your property, you need to know the common obstacles real estate owners face and how to avoid them. 1. Insufficient or poor-quality advertising This is one of the most common reasons why real estate fails to sell or the sale takes a very long time. Widely advertised real estate sales and correctly written listings help [...]

Useful tips / Taxes / For purchasers I can no longer afford my mortgage. What should I do?

If you live in a home that is mortgaged to a bank and face financial difficulties, you may need to seek solutions to prevent the situation from worsening. What to do if you cannot pay off your mortgage? Consult specialists. The most important thing at this moment is not to panic and to look for alternative solutions. If the situation may seem disastrous at first glance, it doesn't mean there is no way out. [...]

Useful tips / Taxes Taxes on renting out an apartment or other real estate

What taxes do real estate landlords need to pay? If you decide to rent out your apartment or other real estate, remember that this activity is taxable, meaning you, as the landlord, must pay taxes to the state. If you are an individual and rent out your real estate, you can choose one of two methods for paying taxes: declare rental income by May 1st of the following year and […]

Useful tips / Taxes Taxes on housing rental income 2019 – business license or 15% personal income tax?

Housing rental fees 2019 in Vilnius In December, district municipalities approved new business license prices for residents for 2019. The price for the business license “Rental of residential premises without accommodation services“ per year in the city of Vilnius is EUR 684/year, in Vilnius district - EUR 130/year. You can find out more about business licenses here. Which tax method to choose To legally rent real estate, you can [...]