On 1 June, 2016, the bill on Property Acquisition Tax no. 340/2013 has been approved at the third reading in the Parliament. Newly, the purchaser of the property is obligated to pay the tax as opposed to the current practice. Also, the institute of a tax guarantor ceases to exist.
In the case of acquisition of civil engineering works, buildings or their parts which are parts of the engineering works are to be subject to tax only. This step has been taken so as to issues connected with transfers of engineering works caused by difficulties in defining of the immovable property in such cases.
In the cases of acquisition of proprietary rights to immovable properties entered into the land registry (a contract of sale, contract of exchange), the key date of commencement of the tax-legal relationship is the date of the legal effect of the entrance into the registry; in other cases, the key date is, then, the date on which the contract becomes effective.
Ing. Michaela Dvořáková
