The amendment published

On 5 August 2016 was published the amendment of the prescription 340/2013 Col. concerning the real estate transfer tax. The amendment includes important changes, who are specified below. The amendment is becoming effective on 1 November 2016. In the meantime the current regulation is still used in every case.

The most important changes are the following:

-       The acquirer is obligated exclusively himself to pay the taxes.

-       There won’t be any legitimate guaranty.

-       The first transfer of family homes or apartments for a valuable consideration is free of taxes, if the immovable property is already finished or in use. (Immovable properties under construction are not free of taxes.)