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Quote: | Originally Posted by jimberan I hope someone might know the answer. Rather then buying a house as an individual, are you able to buy the house with company money in the name of the company |
Yes. |
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Member: #12942
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| What are the requirements for an individual to buy property in CZ for a person not EU?
I figure there are different tax implications for buying the house as an individual or as a SRO?
--  It's all about me until I'm dead, after that its a free for all.  |
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jimberan,
Yes, this is entirely possible and the only solution for some individuals from outside the EU and 'favored nation' agreements.
Purchasing property this way proves a protection for your assets since only those assets held by the SRO are liable, the same as how limited liability companies work in other countries.
Traveler007,
It depends which country you are from but there are some general rules here: http://www.czechpoint101.com/questi...tml#Prope rty8.
Regarding taxation, there is not a specific property gains tax here so any income from property is either paid at corporate rates (26% this year and promised to drop to 24% next) or personal income tax rates ( http://www.worldwide-tax.com/czech/czeecono.asp).
However, according to section 4 of the income tax law, capital gains are tax-free if an individual owns the house for more than 5 years.
I hope this helps. Email me if you have more questions. |
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Member: #4584
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www.myaccountant.cz
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