Real estate transfer tax (Czech Republic)
The real estate acquisition tax (daň z nabytí nemovitých věcí), as can be seen from the name, taxes the acquisition of real estate . With effect from January 1, 2014, the Act on Inheritance, Gift and Real Estate Transfer Tax was replaced by the new Real Estate Acquisition Tax Act (zákon o dani z nabytí nemovitých věcí).
Tax object
The object of the real estate acquisition tax is the acquisition of ownership rights to a property for a fee.
Exemptions according to §§ 6–9 daň z nabytí nemovitých věcí
- § 6: The acquisition of real estate by local authorities .
- § 7: The first acquisition of real estate or co-ownership shares which serve residential purposes. Residential use must be fulfilled within five years.
- § 8: The acquisition of real estate by housing associations .
- § 9: Acquisition of real estate that is in bankruptcy proceedings.
Assessment basis
The acquisition value of the property is usually either the purchase price or the so-called tax comparison value. The tax authorities provide online tools to determine this benchmark.
tax rate
The tax rate for the purchase of real estate is 4% of the assessment base.
Tax debtor
As of November 1, 2016, the buyer is liable for tax.
Notification requirement
The taxpayer must submit a tax return no later than the end of the third calendar month following the calendar month in which the entry in the real estate register was made.
Due date
The real estate acquisition tax is due on the last day of the deadline for filing the tax return. For the smooth payment of taxes, it is important that the taxpayer knows the corresponding account number of the tax office for the real estate transfer tax. Each tax office in a region maintains different bank accounts for the various taxes. The individual bank accounts can be found on the website of the financial administration.
