Property Transfer between relatives in Poland

Hi , My sister owned an apartment in Poland & she want to give it to me , does anyone knows what is the tax effect and what is the easy way to make the transfer .

The tax value on the property is known as "imputed interest". You would be responsible for the applicable tax rate, and your sister would also be subject for fees named under "an arm's length transaction." It's all in all not a bad deal. Lemme know how it turns out, I'll send you a fern.

Merged: Gifting property to relatives in Poland

Hi

Does anyone know if its possible to make a gift of property to a relative and for the property to no longer be part of an inheritance upon death? If a person made a gift of property in Poland and later passed away, could other relatives claim inheritance, or would it rightfully belong to the person to whom it was given?

In general, a person's property is theirs to do with as they wish; so it is in general entirely possible for a person to give their property to anybody and for that property to therefore not be part of their estate. However, the transfer would need to be performed legally and any tax matters would need to be taken care of.


That would depend on whether the transfer was made in the correct legal form, which itself will vary depending on what kind of property you are talking about.

Reading between the lines in your post, you may well either want to know if you can claim property which used to belong to a now deceased relative or if it possible for a living relative to in effect not leave you or some other person something in their estate; whichever, you really do need to speak to a lawyer.

As Harry already mentioned anyone can transfer their property to another person, as long as the transfer was done according to law and their is a notarial act in place, other members of the family will have zero claim on death of the former owner, simply because they no longer own the property. Many elderly in Poland transfer their assets to family in order to claim higher pension.

As above mentioned, anyone can transfer their property to another person or any relative and the family members have zero claims but the transfer should be legal and according to law.


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