Tag: PRS
11
January 2024
Expert comment
News
Loopholes in New Real Estate Tax Regulations
As of 1 January 2024, the purchase of a sixth and each subsequent flat is subject to an additional 6% tax on civil law transactions, which is to curb bulk purchases that can drive up prices. However, experts warn that the regulations have several loopholes and raise concerns about double taxation. The new rules are …
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31
May 2023
Expert comment
News
Publication
How do New Tax Provisions Impact PRS Funds?
The issue of taxing “wholesale” apartment purchases resurfaced on Friday 26 May 2023. Poland’s Lower House, the Sejm, held another reading of the proposed amendment to the Real Estate Management Act, which included a provision on taxing such purchases. Specifically, the amendment provides for a 6% civil law transactions tax (CLTT) on the purchase of …
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