A landlord pays 5% on rent in Georgia and 10% in Armenia

In Georgia, personal income tax on rent from residential space is 5%, on condition that the individual takes no deductions against that income. In Armenia, lease income is taxed at 10%, and from 2020 an individual whose lease income passes AMD 60 million in a tax year owes a further 10% on top of what the tax agent has withheld. On the headline rate for a straightforward let, Georgia is half the cost.

PwC puts the Georgian rate on the sale of an apartment or house with its attached land at 5%, and private advisers here describe a two-year holding period after which the gain is not taxed at all. In Armenia the rate on alienation of property is 10% or 20% depending on the type of property and whether the buyer is a tax agent or an individual — and a sale of non-entrepreneurial property to an individual is exempt. The structures differ enough that the right question is not which rate is lower but which exit you are actually planning.

Georgia's annual property tax is not a flat charge on ownership: liability depends on household income in the previous year, and the threshold was raised in September 2026 to ₾100,000 of family income, with payment due no later than 15 November. For a foreign owner whose Georgian household income is modest, that is often nothing at all. Armenia charges its own annual property tax, and anyone comparing the two should take that figure from the Armenian tax authority rather than from a summary, since we have not verified a rate for it here.

Tax is one input and rarely the deciding one. Rent levels, vacancy, the cost and speed of registration, the depth of the resale market and whether you can manage the flat from where you live all matter more than two or five percentage points. Treat the rates above as a starting point to take to an accountant in each country, and get your own position confirmed before you buy in either.