How does VAT control the sale of real estate? Peter Varga bol hosťom vo videopodcaste Národnej asociácie realitných kancelárií (NARKS)

In the real estate world, selling property can be complicated, especially when it comes to VAT issues. Peter Varga was recently a guest on NARKS’ popular real estate podcast, where he explained in detail how VAT affects property sales. Slovak tax laws often don’t provide easy answers to technical questions, which requires a deeper examination of not only tax laws, but also basic legal principles. Some interesting aspects and examples from practice were explained by Peter Varga in the podcast VAT on the sale of real estate.

In this podcast, Peter Varga provides insight into the issue and discusses in more detail:

• When does VAT apply to the sale of property and land?
• How to calculate and deduct VAT correctly?
• Methods and rules for VAT exemption or carry forward?
• How about holiday properties and apartments?
• Important exceptions and specifics that every dealer should know.
• Practical advice and examples from real practice.

VAT exemption: when and how?

One of the most interesting moments of the podcast was the explanation of the situation when the sale of real estate can be exempt from VAT. In practice, we encounter attempts, mainly by smaller developers, to sell properties as individuals. More was said by Peter Varga in the podcast.

Legal Persons and Transfer of Tax Liability

For legal entities Peter Varga explained the application of the “reverse charge” mechanism or otherwise the transfer of VAT tax liability. This mechanism is only possible for the sale of certain buildings, not for the sale of the land itself. The podcast also covers other practical aspects, such as how to calculate and deduct VAT correctly, specifics regarding holiday properties and apartments, and more. For real estate professionals, sellers and buyers, understanding these rules is key to avoiding potential mistakes and financial losses. So don’t miss this opportunity to watch the full interview with Peter Vargo VAT on property sales.

Make sure you don’t neglect your obligations related to income from the sale of real estate, which we wrote about in our article Taxation of income from the sale of real estate. Take advantage of this valuable information and make sure your sale goes smoothly and in compliance with all legal standards, if you have further technical questions, feel free to consult with Peter Varga.

You can book a consultation with Peter Varga here: