Czech Parliament Considering Bill to Repeal Real Estate Transfer Tax
On 27 May 2020, the Czech Chamber of Deputies (lower house of parliament) began discussions on a draft bill for the repeal of the real estate transfer tax. The 4% tax is levied on the acquiring party in real estate transactions based on the greater of the transaction price or the officially appraised value of the property. Subject to approval, the repeal is to apply retroactively from 1 Decembe…
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