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Czech Republic Repeals Real Estate Transfer Tax

20 October 2020

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Approved Changes

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Czech Rep

The Czech Republic has published in the Official Gazette the Act repealing Senate Ordinance No. 340/2013 Coll on the real estate transfer tax. The 4% tax was 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. With the Act, the tax is repealed with retroactive effect in relation to real estate transfers for which the real estate transfer tax return would have been due on or after 31 March 2020, which covers real estate transfers registered on or after 1 December 2019. If a...