When to file a real estate tax return?
31 January 2014 is the deadline for filing a tax return on immovable property. Due to the amendment to the law, some taxpayers will have to file this tax return, even though they have not actually sold or purchased any real estate.
In which cases is there a need to file a tax return on immovable property? Who will be affected by the amendment?
- Railway owners and building owners, which are not taxable buildings under the Real Estate Tax Act, i.e. the building or engineering structure listed in the Annex to the Real Estate Tax Act. These are, for example, so-called square units that are located on other types of land than a built-up area and courtyard or other area.
- Owners of commercial buildings, when the above-ground floor for the calculation of the tax rate is not considered as an above-ground floor whose built-up area is less than 1/3 of the built-up area of the building.
- Owners of land intended for the construction of taxable buildings exempt from the tax on buildings and units pursuant to Section 9 (1) (i) and (j) of the Act. These are plots intended to be built, for example, by waterworks, water treatment plants, sewerage facilities, distribution facilities or public transport buildings.
- Landowners under residential buildings divided into units, which are not the owner of any unit in the building. An exception is if the land is owned by the state or owned by the municipality in whose territory it is located, since it is exempt from tax and is not required to file a tax return.
- Mutual funds and funds managed by pension companies, for the real estate property of these funds.
For more information and tax returns, please visit the Financial Administration website.