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When purchasing a house, how are the fees and taxes calculated?

April 26, 2017calculated fees House purchasing taxes

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When purchasing a house, how are the fees and taxes calculated?

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Notary fees and state taxes are approximately 4% of the pprice, estimated by the state ( which, in practice, is lower than the selling price of the house) Estate agency fees- 3% of the selling price – Real Estate Tax Rates Breakdown: Transfer Taxes: 2% of the market value of the property is paid to municipality where the propery is situated. Capital Gains Tax: There are no applicable taxes on the profit earned when your company sells a propery Local Taxes and Rates: The owner of a bulding or a plot is obliged to pay a real property tax. If a bulding is built on state or minicipal land, the value of the land will also be included in th tax base. The tax is equal to 0,15% of the book value of the property. Property owners also required to pay a waste- collection fee Vaue Added Tax ( VAT): VAT (20%) is applicable to real estate transactions which do not concern land and leases of property for residential purposes.