To by House in Croatia.

" HOUSE SALE "

F A Q:
1. How high is purchase tax on real estate in Croatia?
Tax on all real estate transactions in Croatia is 5% of the transaction value. The tax is borne by the buyer. Since the tax rate is one of the highest in Europe, the Tax Authority has promised to lower it in the near future. In case of the barter of real estate, the rate of 5% of the estate value is borne by each of two parties involved.
 

2. Can foreign citizens buy real estate in Croatia?
Yes, but they need special permissions from the Department of Justice and the Department of Foreign Affairs. Citizens of countries with which Croatia has signed an agreement on reciprocity usually get these permissions without any problems, others can only exceptionally hope to get them. Citizens of these other countries can acquire real estate by founding firms in Croatia which can then buy the desired real estate.
 

3. Can foreign citizens sell real estate in Croatia?
Yes. All foreign natural and legal persons can sell their real estate in Croatia without impediments. The only (temporary) exception are companies from the countries that made up ex-Yugoslavia; their concerns will be dealt with separately in the course of the talks on the succession of Yugoslavia or on war reparations.
 

4. Are buyers of real estate subject to any other taxes except purchase tax on real estate?
Buyers of real estate are subject to income tax only if they alienate the property at a higher price within three years from acquisition. In that case they are obliged to pay tax on the price difference; the rate is 35% plus possible surtax, which depends on the tax payer’s place of residence in Croatia.
 

5. And what about value-added tax?
According to the Law on the Value-Added Tax a separate building site tax will be introduced at a 5% rate during the sale of newly constructed buildings, while the value-added tax of 22% of the real estate production cost will be paid on the construction value of the building.

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The beach house is located on the beautiful Island of Brac in the Adriatic Sea. From the house you can enjoy a 900 meter walk, surrounded by spectacular marine life, to Brac's second largest town, Milna. In addition to the Island's own airport, there is also a shuttle ferry between the International airport of Split and the Island.

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