From Thursday, August 31 this year, the exemption from the tax on civil law transactions (PCC) for the purchase of the first apartment or house comes into force. This is for the secondary market. For buyers, this can mean savings of up to tens of thousands of zlotys.
As previously announced by the Ministry of Finance, the exemption from PCC when purchasing the first apartment will apply under the Act of May 26, 2023 amending the Act on Commune Self-Government, the Act on Social Forms of Housing Development, the Act on Real Estate Management, the Act on Civil Law Transactions Tax and some other laws. The regulations were published in the Journal of Laws on July 31. PCC provisions come into force one month after the announcement.
What is exempt?
The Ministry of Finance pointed out that the sale, the subject of which is: the ownership right to a dwelling constituting a separate property, the ownership right to a single-family residential building or a cooperative ownership right to a dwelling regarding a dwelling or a single-family house will be exempt from the tax on civil law transactions.
The exemption will be available if the buyer is a natural person or natural persons, and none of them is entitled to any of these rights or any share in these rights on the date of purchase of the right to an apartment or house.
For example – if the apartment costs 700 thousand. zlotys, then at the current tax rate, the buyer would have to pay tax in the amount of PLN 14,000. zlotys.
Exception to the rules
The exception applies to persons who, on the day of concluding the sales contract, have or had before that date a share in such rights, but it does not exceed or did not exceed 50 percent. and was acquired by inheritance. These people can take advantage of the exemption – informed the Ministry of Finance.
The ministry stressed that the exemption will come into force on August 31, 2023 and will not apply to sales made before that date.
photo-source">Main image source: Shutterstock
2023-09-01 20:20:27
#Buying #apartment #tax #important #change #rules #today
