Higher Apartment Purchase Taxes: Changes for Quick Resales and Multiple Buyers
This draft law introduces higher tax rates on apartment purchases to curb real estate speculation. Citizens buying apartments that were quickly resold or acquiring multiple properties will pay a higher tax. The goal is to improve access to housing for individuals meeting their own residential needs.
Key points
Buyers of an apartment resold within 3 years of its previous purchase will pay a higher tax (from 4% to 10% of the value).
Individuals buying a third or subsequent apartment within 5 years will pay an increased tax (from 3% to 5% of the value).
Notaries will inform buyers about the higher tax and collect declarations on the number of properties owned.
The changes are set to take effect on January 1, 2025, aiming to discourage housing speculation.
54%
VOTING RESULTS
2024-06-28
For
232
Against
190
Abstain
8
Previous:
Rejected
Status:
Immediate Rejection
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