Post by Peter Ellis on Nov 7, 2016 16:46:57 GMT 1
Starting from the beginning of next year, the tax on real estate transactions will be lowered to 4 percent, which will make it cheaper for some to acquire new properties. At the same time, the inheritance tax will also be lowered from 5 to 4 percent. However, for about ten thousand citizens who every year buy their first property, the tax reform will not bring good news, since the tax break for buying first property will be discontinued. Finance Minister Zdravko Marić justified the move with the obligation to comply with European directives which state that all buyers of real estate should be in the same position, reports Večernji List on November 6, 2016.