Property transfer tax for investors to go up in 2021
Effective date: 1 January 2021
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What changes?
Do you invest in housing? From 1 January 2021, you will no longer be able to use the reduced tariff of 2% on your property transfer tax. You will have to pay 8%. This is the same amount as will be charged for other immovable goods investments. The property transfer tax for commercial buildings will be raised from 6 to 8%.
For whom?
- Entrepreneurs who invest in immovable goods (housing).
When?
The change in law is expected to come into force on 1 January 2021.