IDEAS home Printed from https://ideas.repec.org/a/kra/journl/y2013i85p28-33.html
   My bibliography  Save this article

Sale of real estate – VAT consequences

Author

Listed:
  • Jowita Pustu³

    (Uniwersytet Jagielloñski, Zak³ad Prawa Finansowego, J.Pustu³, M.Przywara Doradztwo podatkowe S.C.)

Abstract

Should the sale of a real estate be treated as a VAT taxable transaction or as a transaction which is exempt from VAT ? The answer to this question is crucial not only for a property seller, but also for an acquirer. If it turned out that the seller wrongly assumed that the transaction was exempt from VAT , tax arrears would arise and he would have to settle the arrears with penalty interest. However, if he wrongly treated the transaction as VAT taxable, the acquirer would be put at tax risk. According to Article 88 section 3a point 2 of the VAT Act, the taxpayer is not allowed to deduct input tax if a transaction was not taxable. In this article the basic principles of VAT taxation applicable in the sale of real estate process were discussed.

Suggested Citation

  • Jowita Pustu³, 2013. "Sale of real estate – VAT consequences," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 85, pages 28-33, September.
    • Handle: RePEc:kra:journl:y:2013:i:85:p:28-33
    DOI: 10.14659/worej.2013.85.04
    as

    Download full text from publisher

    File URL: http://swiatnieruchomosci.krakow.pl/pl/sklep/pojedyncze-artyku%C5%82y/2013/numer-85/artyku%C5%82-85-04
    Download Restriction: no
    File URL: https://libkey.io/10.14659/worej.2013.85.04?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kra:journl:y:2013:i:85:p:28-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Karolina Orzeł (email available below). General contact details of provider: https://edirc.repec.org/data/aekrapl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.