As of November 1, Property Acquisition Tax to be Paid by Buyer

In connection with the legislative changes regulating the collection of the property acquisition tax, Svoboda & Williams displays prices of sales properties without this tax. The reason is that the payer of the property acquisition tax is, from this date on, always the buyer. What remains unchanged is the rate of the tax which amounts to 4% of the tax basis. The tax basis is either the sales price of the property, the usual local property price, or the price determined by an expert valuation, always the highest of these.