Taxes • Properties for sale in Croatia, Istria • Real Estate in Rovinj, Porec, Vrsar, Bale, Motovun

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PROPERTIES FOR SALE IN ISTRIA

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Real Estate Transfer Tax (stamp duty in UK)
When occurs the Obligation?
When a resale property is sold, gifted or inherited.

Taxpayer
Acquirer, buyer.

Tax Rate
5%

The Tax Base
Market value of the property at the moment of concluding the contract.

Subject of Taxation
• all land
• all buildings built up to 31 Dec. 1997
• value of the corresponding land and costs of comunal equipment for those building which are built in the VAT (PDV) system.

Value Added Tax or VAT (PDV)
When occurs the Obligation?
When the property is sold.

Taxpayer
A company or a person who sold a property or part of a property which was built in the VAT (PDV) system.

Tax Rate
23%

The Tax Base
Value of the built part of the property. Value of the corresponding land and costs of comunal equipment is not taxable by VAT (PDV).

Tax for Holiday Homes
When occurs the Obligation?
When owning a property which is not used for living but as a holiday home.

Taxpayer
Owner of the property.

Subject of Taxation
Every property which is not used for permanent living.

Tax Rate
From 5,00 - 15,00 kn/m2 of the living area (depending on the location and other factors).

Tax on Income from Property and Property Rigths (selling a property within 3 years)
When occurs the Obligation?
When a property is sold of gifted within three years after purchase.

Taxpayer
Alienator, seller or vendor.

The Tax Base
Difference between the market values of the property in the moment of alienation and acquisition.

Tax Rate
25% if the tax is payed in advance.

Tax on Income from Property and Property Rigths (letting of properties)
When occurs the Obligation?
When giving property to rent or lease. Does not apply to rental properties to tourists and travelers.

Taxpayer
Lessor or landlord which is not in the VAT (PDV) system.

The Tax Base
Rent reduced for 30%.

Tax Rate
12% if the tax is payed in advance.

Annual Flat Rate Tax on Letting to Tourist and Travellers
When occurs the Obligation?
When letting properties to tourist or travellers.

Taxpayer
Landlord which is letting properties or beds to tourists or travellers and meets the following conditions:
• max capacity is 16 beds (20 in some cases)
• is not a person liable to VAT (PDV)
• property is categorised.

The Tax Base
Number of beds and area factor.

Amount of the tax
Is determined by the tax administration.

Tax on Self-employment Income (Alienation of More Than 3 Properties in 5 Years)
When occurs the Obligation?
On alienation of 4 or more equal properties (4 houses or apartments) or property rights in five years.

Tax Basis for a Tax Resident* in Croatia
Total amount of self employment income, property income, capital income, insurance income and other incomes realised in Croatia and abroad, reduced for the personal deduction for the residents.
* A resident is an individual in the Republic of Croatia which has a domicile or habitual residence as the natural person in the Republic of Croatia or has no residence or habitual residence but is employed in the civil service of the Croatian and on this basis receives a salary.

Tax Basis for a Non Resident** in Croatia
Total amount of self employment income, property income, capital income, insurance income and other incomes realised in Croatia reduced for the pesonal deduction for the non-residents.
**A non-resident is an individual in Croatia which has neither a domicile or habitual residence in the Republic of Croatia, but realise an income which is taxed under the provisions of the Income Tax Act.

Tax Rate
12% for the annual income up to 43.200,00 kn
25% for the annual income between 43. 200,00 kn and 129.600,00 kn
40% for the annual income above 129.600,00 kn

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