|
Tomasz Wachowski
consultant, Kuczek-Maruta Counsellors at Law |
|
Beata Kuczek-Maruta
counsellor at law, Kuczek-Maruta Counsellors at Law |
|
Katarzyna Niedźwiadek
counsellor at law, Kuczek-Maruta Counsellors at Law |
|
Monika Skocz
consultant, Kuczek-Maruta Counsellors at Law |
|
Marcin Kiełbasa
junior consultant, Kuczek-Maruta Counsellor at Law |
A contract of lease is a type of contract that appears very frequently in legal transactions. Moreover, its structure is similar in different legal systems. Basically it comes down to that one person gives the other a thing for use in return to a consideration, that is to a so-called rent. However – as it usually happens in law – the devil’s in the detail. And there are a few of such details regarding lease of premises in Poland that we would like to point out to below. Read more…
The accession of Poland to the European Union in 2004, attracted an unprecedented lot of foreign investment, especially those who decided to invest their means at the real property market. Thus a lot of real properties were bought, particularly in the period when credit was easily accessible (that is before the credit crunch, especially from October 2004 to mid 2007). The above brought about a huge rise in the property prices ? which, at the very end of the day, was what made it to a lot of investors ? who were then able to take profits from their investments by selling their properties (and rightly so). Read more…
At the beginning of November the Lower Chamber of Polish Parliament (Sejm) adopted a new act amending the provisions regarding lump-sum income tax on rental revenues. At the moment some amendments to this act made by the Upper Chamber of Polish Parliament (Senate) are awaiting acceptance of Sejm. Later the act will have to be signed by the President and published in the Journal of Laws of the Republic of Poland. However, it is already known that from the 1st January 2010 the higher 20% rate of this tax is to be cancelled. This change in the rules of taxation can be profitable even for 80 thousand of taxpayers. Read more…
Planning the sale of real estate situated in Poland it should be remembered that income received from such transaction is always taxable in Poland regardless of whether the seller is Polish citizen or foreigner. However, if real estate is sold after five years since the end of year wherein it was bought, one is not obliged to pay income tax in Poland. Read more…
