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If a property price includes VAT, the question often arises as to whether the gross or the net purchase price should be indicated as the market value of the property for stamp duty purposes. Even if it hasn’t been officially announced yet, it does seem we’re getting closer to an answer – and the good news is, it looks like the net price will win out.
Two weeks ago, almost on the sly, a legislative amendment was adopted that could solve one of the “hit problems” of the real estate market: the complicated process of selling parking spaces in a condominium building. The changes came into force on 2 May, so it is now up to market players to put the new provisions into practice.