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Capital gains tax in Montenegro 2026
Capital gains — real estate, shares, stakes in companies — are taxed separately at a flat 15% on sale price minus cost.
The exemptions cover the cases that matter to families: your only and main residence, spousal transfers tied to marriage, divorce or inheritance, and gifts of property to first-degree relatives.
At a glance
- top rate
- 15% flat
- entry band
- 0% on the main residence
- tax year basis
- Per disposal, by assessment
- filing deadline
- Through the annual return where not withheld
- residency basis
- Residents: worldwide gains
- regime flag
- Anti-abuse: undervalued share sales re-priced to market by the tax office
Rates
Capital gains by situation (2026)
| Rate | Base | Applies to |
|---|---|---|
| 15% | Sale price minus acquisition cost | Immovable property, shares and other participation rights |
| 0% | — | The taxpayer's only and main residence |
| 0% | — | Transfers between spouses in marriage, divorce or inheritance; property gifted to first-degree relatives |
Residency
Residency trigger
Gains are assessed separately from the aggregate income; residents owe the 15% on foreign disposals too.
Non-resident treatment
Non-residents pay the same 15% on Montenegrin assets; since end-2022 the tax office substitutes market value where shares are sold below it.
Notes
- Rental income is a separate 15% track with lump-sum deductions of 30-70% by activity — 50% for registered tourist lets, 70% with an agency contract and 60+ occupancy days.
- There is no holding-period relief — the exemptions, not time, decide.
- Capital losses are not part of the 5-year business-loss carryforward regime.
- The real estate transfer tax (a buyer-side charge) applies separately on Montenegrin property deals.
FAQ
What is Montenegro's capital gains tax?
A flat 15% on gains from property, shares and company stakes — with your only and main home fully exempt.
Are family property transfers taxed in Montenegro?
No — transfers between spouses tied to marriage, divorce or inheritance, and gifts to first-degree relatives, carry 0% gains tax.
Figures: tax year 2026, compiled from public sources. Not tax advice.