Authorities Eliminate Tax for of Ownership Transfer of Cheap Housing and Land

As of today, February 1, 2017, transactions with land and buildings are exempt from the property transfer tax, if they fall within the ceiling of 450,000 lei (about 100,000 euros, at the current exchange rate).

A tax of 3% of the transaction price is applied to properties with a value higher than this amount. Still, the amount of 450,000 lei is deducted from the calculation base, as far as the exemption is applied.

The property tax for an apartment, land, or other real estate is calculated before a real estate transaction is made and is paid to the notary before the sale-purchase contract is validated.

This provision is in the Government Emergency Ordinance no. 3/2017 for the amendment and completion of Law no. 227/2015 on the Fiscal Code, which enters into force today.

Specifically, the costs of the real estate transaction will decrease by 3%, compared to the previous year, for an apartment, house, or land that costs less than 450,000 lei.

If you are looking for an apartment in a well-listed neighborhood of the Capital, we invite you to access the offers page on our website Apartments for sale in Bucharest. Real estate offers!

Maria Neda

PR & Media Coordinator, PR & Media Consultant, with background as a journalist in the economic press and experience as a consultant in Urban Development.

Postari similare

Dentotal dental products distributor moves its offices in Equilibrium I

Dentotal rented a 650 sqm office space in the Equilibrium I building through the real estate company ESOP Consulting. The medical and pharmaceutical sector rose to a market share of 10%, in the first nine months of 2020, as a percentage of the rented office space in Bucharest, compared to 3% last year. “Dentotal is […]

Read more

The Boutique Office Buildings in Bucharest Keep Their Attractiveness in 2020 for Tenants and Investors

This year, two new boutique buildings have been put into use or delivered, with premium finishes and up to 10,000 sqm, in central areas. They will have a total area of 13,000 sqm of class A office space. Next year, it is estimated that two more buildings of this type will be delivered with a […]

Read more

Renegotiations pulled up the office space market in the third quarter

During the third quarter of 2020, which just ended, the office market rental reached 56,730 sqm, a transaction level closet o the one registered in the same quarter in 2019, namely 88% of that period, according to ESOP Consulting. For more than half of these spaces, tenants preferred to stay in the same office buildings, […]

Read more

Join the discussion

*/ ?>