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New flat from developer in Poland - question


iwona 12 | 542  
2 Oct 2006 /  #1
Is it true that if someone buys new flat from developer in Poland he doesn't have to pay 2% tax?
I know that if someone has house/flat for at least 5 years and sells it he doesn't pay income tax. But what if I am British resident ( I live and work in UK but have polish passport) will I have to pay tax according to british law? ( capital gains tax)

It is little confusing.
bolo 2 | 304  
2 Oct 2006 /  #2
I wish I knew that too -- but I think you are right that completely new apartaments/new constructions are tax-free.

If you are a British citizen, nobody except for you has to know that, no? At least when you buy a property in Poland (then as a British citizen you'd have to pay taxes, but I don't think you'd have to pay taxes twice -- at least I hope :).
lef 11 | 477  
3 Oct 2006 /  #3
Can I ask you, how much is the cost of the new apartment?
bolo 2 | 304  
3 Oct 2006 /  #4
I found a good article [in Polish] that should answer your question: dom.gazeta.pl/nieruchomosci/1,73497,3649460.html
OP iwona 12 | 542  
4 Oct 2006 /  #5
Can I ask you, how much is the cost of the new apartment?

It depends on location,size........My developer bought land but prices are not set up yet.

But it will be for about 6 000 pln for 1 square m. It is still srodmiescie in krakow but on the north edges.

So I suppose 40-45 square m will cost about 40-45 thousand pounds.

thanks Bolo, there is quite much information in this article.

What I still don't know is if I had to to sell this flat Would I have to pay tax in England.
They don't have anything like this 5 years period. You pay always tax. I don't know if there is communication between Polish and british Inland revenue?

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