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Exemption from income tax regarding sale of real properties purchased before 1 January 2007

07-01-2010

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…

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