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What changes in selling real estate in the next year?

What changes in selling real estate in the next year? Since 2014, the need for valuable consideration when acquiring ownership of the property to allow for the payment of tax on the acquisition of immovable property, which replaced the former real estate transfer tax. With the payment of this tax must be taken into account when calculating the selling price of the property. The tax rate remains the same for next year, but the legislative proposal envisages that the tax will pay buyers.

Tax on income tax is payable on the sale of real estate only if it is not adhered to the time test. When he was selling real estate in the residence for at least two years or elapsed between the purchase and sale of real estate period longer than 5 years, then from the sale of the property tax on personal income tax does not apply. Out the first paid transfer tax on the acquisition of immovable property for the transfer for consideration is always the case, there is no set time test. Tax return for the acquisition of real property must be filed before the end of the third calendar month following the month in which the deposit is made to register.

Tax return for the acquisition of immovable property is not served at the local tax office according to place of residence as in the case of taxes on personal income, but the relevant tax office where the property is located. "An integral part of the tax return is a copy of the purchase contract and notification cadastral office of investment property and in some cases, expert opinion, "says Emil brooch from the company FINFOCUS.

Who pays the tax on the acquisition of immovable property?

In 2015, a tax on the acquisition of immovable property to pay the seller or buyer. The purchase agreement is possible to agree on who will pay taxes and perform the necessary administrative tasks connected with the payment of this tax. However, if it is not explicitly stated in the sales contract the one who will pay the tax, you pay tax on the acquisition of immovable property sellers and buyers in this case the guarantor for payment of tax and non-payment of taxes by the seller becomes chargeable to the buyer. The proposed legislative change for 2016, however, the issue of paying tax on the acquisition of immovable strict tax on the acquisition of immovable property will pay buyers. Buyers will not be able to avoid paying taxes, because it would seriously threaten the execution bought the property because of failure to pay taxes.

"The situation would be under legislative proposal clearer, as it would in practice be dropped out problems with liability in case of non-payment of taxes. The buyer, however, due to the payment of taxes on immovable property should push for a reduction in the selling price of the property in an adequate range of tax payments, "explains Emil Brooch.

How much is the tax on the acquisition of immovable property?

The rate of tax on the acquisition of immovable property is 4% of the tax base, while the tax base is the acquisition value minus the deductible expenditure. The acquisition value can be agreed purchase price under the agreement or comparative tax value. Comparative value may be either 75% of the price according to expert opinion, or 75% of the tax office determined in accordance with a special calculation for the locality where the property is located. The tax is paid each time a higher price, either by purchase or as a comparative value or tax rates by an expert opinion. Tax on the acquisition of immovable property is required to pay by the deadline for filing tax returns, late payments are sanctioned, hence the need to pay taxes pay sufficient attention. In the case of a report drawn reduces the price paid for an expert report the tax base for tax calculation.

When the tax on the acquisition of immovable property does not apply?

Tax on the acquisition of immovable property is not the case for buying a new house or apartment, because the first transfer for consideration of a new building from paying the tax exempt if it is made ​​within five years of approval relevant property. "Because the land value tax applies to the transfer for consideration, so this tax does not apply either from donations and real estate acquired through an inheritance, "says Emil Brooch.


Source: tz, editorially modified



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