Seychelles immovable property tax calculator 2026
Immovable Property Tax applies to non-Seychellois who own property in Seychelles. The Immovable Property Tax Act 2019 brought it in from January 2020.
The rate is 0.5% of the market value of a residential property. The tax for each year is imposed on 1 January and is payable by 31 December.
How it's calculated
- Start with the approved market value on the valuation notice from the Chief Valuation Officer.
- Multiply it by 0.5% to get the tax for the year.
- Check the exemptions: commercial and industrial property, residential property of a taxpayer married to a Seychellois, and the first year of a first time owner who applies in writing.
An example
A non-Seychellois owner of a villa with an approved value of SCR 5,000,000 pays 0.50 % of that value, which is SCR 25,000 a year. The same villa owned by someone married to a Seychellois pays nothing.
Frequently asked questions
How long does a valuation last?
The SRC says an approved valuation is valid for five years. After that the owner submits a new valuation form to the Chief Valuation Officer.
Can I pay in foreign currency?
Yes. Non-Seychellois can pay by bank transfer in dollars, euros or pounds. The SRC converts at the Central Bank of Seychelles mid rate of the day the payment arrives.
What if I do not register the property?
The SRC lists fines payable to the Registrar General: SCR 50,000 for commercial, industrial and multi-purpose properties including villas, and SCR 10,000 for any other immovable property.
Key terms
- Immovable property
- Land and buildings, such as condominium units, villas and commercial premises.
- Chief Valuation Officer
- The official who values the property and issues the notice of valuation.
- Non-Seychellois
- A person who does not hold Seychellois status, the group this tax is aimed at.
Up-to-date official data
Data checked against the official source on .
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