Positive climate around changes
Deputy Speaker of the Senate Magdalena Biejat announced that the Left does not intend to give up the so-called anti-flippers act. The bill will be supplemented and re-submitted to the Chancellery of the Sejm. Biejat emphasizes that the atmosphere around the planned changes is positive.
In March, the Left submitted a bill aimed at discouraging real estate speculators, known as "flippers." The project includes, among others: increasing the tax rate on the sale of apartments shortly after their purchase. On March 29, the document was sent to the Legislative Office and the Office of Expertise and Regulatory Impact Assessment of the Chancellery of the Sejm to check its compliance with European Union law. On April 5, the project was sent for consultation to various local government institutions and organizations.
The bill was returned to the Left Club with a request to provide details regarding the costs of its implementation. Magdalena Biejat informed that the draft had been forwarded to the Left's legislative office in order to prepare appropriate supplements, which would then be sent back to the Chancellery of the Sejm.
Biejat expressed hope that this process is a normal procedure and should not delay the introduction of the law. Due to changes in the Ministry of Development and Technology, the Left will have to start talks with a new deputy minister who will replace Krzysztof Kukucki, recently elected president of Włocławek. The left is also open to discussions, especially with public participation.
Magdalena Biejat noted that she had already held preliminary talks with various politicians in the Sejm and Senate, which indicate a positive atmosphere around the planned changes.
"Flipping" is the process of purchasing apartments, renovating them and reselling them at a higher price. The left accuses flippers of increasing demand for real estate, which accelerates the increase in their prices.
The bill provides for a change in the tax rate on civil law transactions (PCC), which currently amounts to 2% on the sale of real estate. The Left proposes increasing the tax to 10% in the event of selling a flat within a year of purchase. The PCC rate would be 6% for sales within two years and 4% for sales within three years.
Additionally, the project assumes the introduction of an additional tax for owners who buy a third or subsequent residential premises within five years of purchasing the first apartment. The purchase of a third property would be charged with the PCC rate of 3%, the fourth apartment - 4%, and the fifth and subsequent apartments - 5%.
The Left is determined to implement these changes with the goal of regulating the real estate market and discouraging speculative practices.
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