Taxes When Buying a House in Poland
When purchasing a house in Poland, there are several taxes that buyers need to pay:
Transfer Tax (PCC)
- 2% transfer tax on the property’s market value or purchase price (whichever is higher)
- Paid by the buyer
- Exemptions for first-time home buyers under certain conditions
Notary Fees
- Around 1-2% of the property value
- Covers costs for notarizing the sale deed
VAT
- 8% is charged on newly constructed homes (23% VAT when the property has over 150 square meters)
- Existing homes exempt from VAT
In summary, while transfer taxes and fees apply when purchasing property in Poland, the overall tax burden is relatively modest, especially for existing homes. This presents business opportunities in facilitating foreign investment into Poland’s real estate market by highlighting the favourable tax environment.
Budget 3-4% of the property value for transfer tax and notary fees when buying an existing home in Poland.
Government website regarding Transfer Tax (PCC): Biznes.gov.pl
Varso Invest provides comprehensive solutions for foreign investors seeking to capitalize on the Polish real estate market. The firm specializes in guiding international clients through locating lucrative investment properties and seamlessly acquiring residential and commercial assets nationwide.
