You may be surprised that the property tax does not apply only when you buy a house, apartment or land, but also if you plan to change it . In this case, it is necessary to tax each exchange property separately. You do not have to pay a tax on the purchase of a property if you buy a completely new family house or apartment in a new building from the developer. "The condition is that the acquisition of property will occur within five years of the completion of the construction. Housing units belonging to family houses are not covered by this exemption. According to the current practice of the tax authorities, the tax on the acquisition of these apartments is levied, " notes Lukas Zeleny, head of the legal department of consumer organization dTest.
Since November 2016, the acquirer , in other words the buyer , has paid the property tax . Before the amendment to the law, the seller and the buyer could agree to whom this unreasonable obligation would be, and if the agreement did not, the tax was automatically payable by the seller. "The legislators justify accepting the amendment in a different way, but the fact remains that the transfer of tax liability to the buyer is simply more practical. He is more motivated to pay the tax, because a possible execution could affect the property he acquired, and it is easier for the authorities to trace the current owner, " commented Lukáš Zelený.
The tax is four percent of the property price. It is based on the purchase price agreed between the buyer and the seller. The law also remembers smart-savvy taxpayers who would like to save on the tax and would put a considerably lower price in the contract than the real value of the property. Therefore, the tax office always finds the so-called comparative tax value. The tax itself is then calculated either from the agreed price or from the 75% benchmark, whichever is the higher. However, if you acquire real estate by exchange and the agreed price is just a supplement to the difference between the real estate exchanged, then the tax is calculated from the 100% comparative tax value.
The tax return is filed only after you have transcribed ownership of the land registry. Then you have three months to admit to the tax. The admission is filed with the tax office in which the real estate is located. Spouses who buy or sell property under a joint venture may file only one tax return.
You do not need to attach a valuation report to the tax return, but it can be recommended. "In addition to the negotiated purchase price, the tax office finds another value to compare it. For this purpose, either special tables are used, according to which the normal value of the property or the expert's report is calculated. The price found by an expert's estimate is usually more favorable for the taxpayer. In addition, you can deduct the cost of an expert's opinion from the tax base, "says Lukáš Zelený.
And how is the payment of the property tax? You tax out your tax return yourself. That makes four percent of the agreed price. If the resulting tax charged by the tax office differs from the paid advance, you will receive a payment bill from the office to find out how much you may have to pay for the tax.
Source: tz dTest.cz
