The ultimate wording of the real estate tax regulations is still being worked on; they are supposed to apply as of 1 January 2025.
On 3 September 2024, a new legislative draft to amend the Agricultural Tax Act, the Local Taxes and Levies Act, the Forest Tax Act and the Stamp Duty Act was published. The proposed law is a result of a number of comments made to its previous draft during public consultations.
Below please find major changes included in the draft as compared to the original proposal:
- changed definition of a building and a structure by waiving the requirement for it being made using construction products and replacing this by the requirement to erect the building or the structure as a result of construction works,
- preferred classification of a feature as a building,
- waiving the real estate taxation on “the coherent whole in terms of technology and use”,
- changes to the list of features recognised as structures (schedule 4),
- proposal to extend the time limit to file real estate tax returns for 2025.
The proposal is now at the stage of intra-cabinet consultations which last until 9 September 2024.
We will keep you posted on the progress of this legislation.
If this issue pertains to your business and you are interested in our assistance, please contact us.
This blog post is provided for general information purposes to keep you up-to-date with changes in tax law, tax rulings by authorities, case law of courts and interesting commentaries. Doradztwo Podatkowe WTS&SAJA shall not be held legally liable for any acts or omissions resulting from reliance on such information.