Publication date: 27.08.2024
Tax obligations when selling property in Poland: what do you need to know?
The sale of property in Poland is accompanied by certain tax obligations, which must be observed in accordance with Polish law. Failure to comply with these obligations may result in significant fines and other legal consequences. To avoid problems, it is important to get the advice of a lawyer in Poland who will help you understand all tax aspects and ensure that all procedures are carried out correctly.
A lawyer in Poland can provide written advice on tax obligations when selling property and help with the preparation of the necessary documents. Lawyer's consultation will allow you to avoid mistakes and ensure compliance of all actions with legal requirements.
Basic tax obligations when selling property
The sale of property in Poland involves the payment of certain taxes, which depend on the type of property, the term of its ownership and other factors. A lawyer in Warsaw can provide a legal analysis of a situation and help with the calculation of tax liabilities.
Main taxes when selling property:
- Personal income tax (PIT).
- Value Added Tax (VAT) if the sale concerns commercial real estate.
- Civil action tax (PCC) in case of sale of real estate.
A lawyer in Warsaw can conduct a legal analysis of the documents to determine the exact amount of tax liability and ensure the correct filing of tax documents. Checking documents by a lawyer will help avoid errors in calculating and paying taxes.
Calculation of personal income tax (PIT)
Personal income tax (PIT) is the main tax to be paid when selling property in Poland. The amount of this tax depends on several factors, including the length of time the property has been owned and the sale price. Consulting a lawyer will help you calculate this tax correctly.
Question
How to calculate personal income tax (PIT) when selling property in Poland?
Answer
Personal income tax (PIT) is calculated on the basis of the difference between the sale price of the property and its original value (taking into account the costs of acquiring and maintaining the property). If the property has been owned for more than five years, no tax is payable. In case of holding for less than five years, the tax rate is 19% of the profit amount.
Main factors affecting tax calculation:
- Time of property ownership.
- The initial cost of the property and the costs of its maintenance.
- Selling price of the property.
- Possible benefits or exemptions from taxation.
A lawyer in Poland will help you conduct a legal analysis of a situation and correctly calculate personal income tax. Checking documents by a lawyer will ensure the accuracy of calculations and compliance of all actions with legislation.
Value added tax (VAT) when selling commercial real estate
When selling commercial real estate in Poland, an obligation to pay value added tax (VAT) may arise. This depends on several conditions, including the status of the seller and the type of property. Consulting a lawyer will help you determine whether your sale is subject to VAT.
Conditions under which VAT is paid:
The sale is carried out by a legal entity or an entrepreneur.
The property was purchased with a VAT refund.
The property is used for commercial purposes.
An online lawyer or a lawyer in Warsaw can help you understand all the tax aspects of the sale of commercial real estate and ensure the correct documentation for VAT payments. Legal analysis of the documents will allow you to determine the exact amount of tax and avoid problems with tax authorities.
Payment of tax on civil actions (PCC)
Civil Actions Tax (PCC) is payable on the sale of real estate by non-VAT-registered individuals or businesses. This tax is 2% of the value of the property being sold. Lawyer's consultation in Poland will allow you to correctly draw up the documents for paying this tax.
Main aspects of PCC payment:
- The tax is paid on the sale of real estate that is not subject to VAT.
- The amount of the tax is 2% of the value of the property.
- Payment of the tax must be made before the registration of the agreement in the relevant authorities.
- Tax benefits or exemptions may apply in some cases.
A lawyer in Warsaw can provide advice on all aspects of paying PCC and help with paperwork. Verification of documents by a lawyer before submission to the tax authorities is necessary to ensure the correctness of calculations.
Legal support when selling property in Poland
Legal support is important at all stages of the sale of property in Poland, including the fulfillment of tax obligations. A lawyer in Poland can provide legal support and advice during the execution of the agreement, the calculation of taxes and the submission of documents to the tax authorities.
Main aspects of legal support:
- Preparation of documents for the sale of property.
- Legal analysis of the documents and their compliance with legal requirements.
- Verification of documents by a lawyer before submission to the relevant authorities.
- Lawyer's consultation regarding the calculation of tax liabilities.
- Representation in tax authorities when paying taxes.
Legal analysis of the documents and lawyer's consultation will help you avoid mistakes and ensure the correctness of all actions during the sale of property. An online lawyer can provide advice on tax matters remotely, which is convenient for many clients.
The cost of legal services when selling property
The cost of legal services when selling property in Poland depends on the complexity of the process and the amount of work that needs to be done. An online lawyer or a lawyer in Warsaw can provide detailed information about the cost of their services.
Question
How much does legal advice on tax obligations when selling property cost?
Answer
The cost of a legal consultation on tax obligations when selling property depends on the type of consultation (oral, written), the complexity of the issue and the lawyer's qualifications. For example, consulting a lawyer in Warsaw may be more expensive than in other regions of Poland, but will provide better legal support.
Main types of legal services and their cost:
- Oral lawyer's consultation in Poland.
- Written consultation with legal analysis of tax obligations.
- Legal analysis of a situation and provision of a legal opinion.
- Preparation of documents for the sale of property and their verification by a lawyer.
- Representation in tax authorities when paying taxes.
An online lawyer can provide advice on tax matters remotely, which is convenient for many clients.
The sale of property in Poland is accompanied by a number of tax obligations that must be correctly fulfilled. A lawyer from Warsaw or a lawyer in Poland will help you avoid mistakes, conduct a legal analysis of a situation and ensure the correct preparation of tax documents. If you plan to sell property in Poland, contact a lawyer or use the services of the legal marketplace CONSULTANT for professional legal advice and legal support at all stages of the sale.
