A: Normal system

I. – Civil and judicial deeds transferring ownership or usufruct of immovable property for valuable consideration are subject to land registration tax or registration duty at the rate provided for in Article 1594 D. The tax or duty is liquidated on the price expressed, adding to it all capital charges as well as all indemnities stipulated for the benefit of the transferor, by whatever title and for whatever cause, or…

The portion of contributions of real estate or real estate rights made for valuable consideration is subject to land registration tax or registration duty of 2.20%.

Exchanges of immovable property are subject to land registration tax or 5% registration duty. The tax or duty is levied on the value of one of the shares where there is no return. If there is a return, the tax, or duty, is paid at the rate of 5% on the lesser portion, and as for sale on the return or capital gain. Returns are subject to the taxation provided…