Job Discussion Forums

[dynow]

no, still haven't sold it.

according to my sources, because my apt. was purchased in 2007, I'm in the clear but I can't say for sure. I guess i'll find out when i sell the place.

[JPM]

I just had a chat with a notariusz.

According to him, if a property was bought in 2007 or before, then a sale within 5 years would mean paying 10% of ALL the proceeds (e.g. sell for 100K zl, pay tax of 10K zl), less an allowance for your combined purchase and sale costs (real estate agent, notariusz services etc).

Property bought in 2008 or later is taxed at 19% within 5 years, but only 19% of the sale price minus purchase and sale costs combined e.g.

200,000K sale price -

100,000K purchase price
10,000K lawyer when buying
2,000 K real estate agent when buying
10,000K lawyer when selling
2,000K real estate when selling
======
124,000K 'costs' taxed at 19%
======
23,560K tax to pay, unless sale of property is reinvested on the Polish market within two years.

However, there is a very nice condition which states that if the propertyowner was or is registered (zameldowanie) at the property for a minimum of one year within the five year period, the owner does not have to pay anything NOT 1 ZL to the government. For sure this applies in my case, having bought my flat in 2008. However, I don't know if it applies to property bought before 2008. Check it out. If it does, happy days!

Hope this helps
J



200,000K sale

[dynow]

hey thanks for the info JPM.

10% is steep but that's the number I heard as well.