Are you considering a purchase of real estate?

10. 4. 2015

A Parliamentary document, where deputies from ODS party are suggesting a cancellation of a tax on the acquisition of real estate was issued. The deputies would like to cancel this tax without any supplement. The proposal was sent to the government to express a standpoint. Till now it has not been determined when would be voted.The reasons for cancellation of this tax are firstly low tax incomes (to the state budget is collected 9 billion CZK annually) and secondly the fact that purchases of properties is realized from net income (i.e. these purchases are subject to double taxation).

The consequences of the abolition of this tax would be obviously lower income to the state budget (by the above mentioned 9 billion CZK), but there would also be cost savings on administration of this tax up to hundreds of millions CZK. Aditionally ODS party assumes increase of investments in property and increase of income to the state budget from other taxes (especially from income tax and VAT).

Cancellation of the tax on acquisition of real estate was one of the points of ODS election program for elections to the Chamber of Deputies in the year 2013.

If you are considering a purchase or a sale of real estate, it is probably better to wait for the final decision of deputies (i.e. if a tax will be really cancelled or not).

Need help?

We are here for you and we will be glad to advise you based on more detailed information and documentation. Do not hesitate to contact us to arrange a non-binding consultation meeting.


We give clear answers

In our communication with clients, we do not hide behind long quotations of laws, but give a clear and understandable answer.

We're thinking with you

We always solve a specific problem with respect to the overall needs of the client; we do not take our recommendations out of context.

Newsletter - Stay up to date

We deliver directly to your e-mail

CAPTCHA
Copy image to check against spam.
A test to determine whether or not you are a human user in order to prevent automated spam.
© Schaffer & Partner 2024 | Created by: drualas.cz
Move up