The rental market is slowly recovering from the crisis caused by the pandemic and lockdowns, as well as the transition to distance learning and home office. However, before he pulls himself back for good, a new blow awaits him – this time in terms of taxes. The Polish Order eliminates the right to choose the form of taxation for the revenue generated by landlords. Whether they like it or not, they have to pay a lump sum. And that means the end of deducting pre-tax costs – for renovation, equipment, also with the annual slip – depreciation. What does this mean for tenants?
The “Polish Deal” will fundamentally change the taxation of private rental. Until now, it was possible to choose the form of taxation, and from 2023, taxpayers will be deprived of a choice, because the only option will be a lump sum on recorded revenues. Will it have an impact on the rental market and how?
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The data from one of the largest real estate websites in Poland, Tabelaofert.pl, shows that in recent months there has been an upward trend in renting apartments in Poland. Studio apartments and two-room apartments with an area of up to 38 sq m are still the most popular. In their case, rental rates also soared the most.
– A temporary drop in rental rates could be noticed at the beginning of the second wave of the pandemic, when the threat of a lockdown appeared. This was largely due to the long-term rental market offering of housing that had previously been short-term rented – this type of tenancy was the hardest hit in the pandemic. In addition, many people returned to their homeland in connection with remote work and terminated their lease agreements. Now, however, we notice a significant increase in rates, and it is influenced by students who returned to full-time education in October and foreigners, including those coming to work – most often Ukrainians – says Maciej Dymkowski, president of the table of the table of tables
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