Real estate purchase tax is to be cut in half
This is done in order to facilitate the real estate purchase by investors. This will be especially beneficial to those people who buy luxury apartments or villas.
However, after the new law comes into force other rules for real estate purchase and sale will also change. Earlier it was possible to indicate in TAPU a price lower than the real value of the real estate in order to respectively reduce the amount of the tax, such a "move" is not possible now. The cadastral value should coincide with the price requested by the seller.
29.09.2016
