Real estate transfer tax
17.09.2019
The Supreme Administrative Court stated in its decision No. 3 Afs 106/2017-90 dated 30 May 2019 that the real estate transfer tax consists of the value of the transferred real estate and the financial profit from the sale of the real estate transferred by the transferor. The Court also mentioned that the statutory VAT on the purchase price of the real estate cannot be considered as part of the transferor’s profit. According to these statements, the Supreme Administrative Court decided that the inclusion of
Read moreEntitlement to an existing contractual penalty in case of termination by a termination clause
03.09.2019
The Supreme Court of the Czech Republic stated in its decision no. 23 Cdo 2615/2018, dated 29.05.2019, that if and contract is terminated by a termination clause, the existing right to a contractual penalty does not expire.
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