The Abolition of real estate acquisition tax
Dear clients,
We would like to inform you that on Friday 25.9.2020 in the Collection of Laws under number 386/2020 Coll. Finally, the long-awaited Act repealing the Senate's statutory measure No. 340/2013 Coll., on real estate acquisition tax, as amended, was issued.With the effect of the Act on the Abolition of Real Estate Acquisition Tax, the Real Estate Acquisition Tax was abolished on 26 September 2020, with retroactive effect for cases where the right to the real estate cadastre was made in December 2019 and later.Therefore, real estate acquisition tax will no longer apply to those cases that will be submitted with a proposal for deposit in the real estate cadastre on and after 26 September 2020, as well as to cases where the deadline for filing a tax return has expired from 31 March 2020.Therefore, if you paid the given tax in the period from 1.12.2019 to 25.9.2020, it will be refunded to you on the basis of the submitted application. More info can be found at:
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