ILO Newsletter 06/22/2012

Real Estate & Construction

Act introduces 25% real estate income tax on sales profits

Parliament recently passed the Fiscal Stability Act 2012, introducing a number of measures intended to consolidate the budget. As these measures, among other things, introduce new taxes or increase existing taxes on real estate transactions, the act has sparked a huge outcry by the industry.


Dr. Martin Foerster

LL.M. (LONDON) Partner