On Friday, the Sejm rejected the draft of the alleged anti-Flipper Act by the Left, which was intended to limit the activities of those who bought apartments at the lowest price to renovate them and sale them with the top profit. The representatives of the Confederacy and the Kukiz’15 wheels proposed to reject the task in its entirety.
The main intent of the Act was to limit the activities of the flippers, who, by speculation and fast circulation of housing, are to negatively affect the real property market. A remediation of this situation was to be specifically raised PCC tax. The bill proposes 3 fresh rates:
- 10% property taxation to be sold by year
- from the date of their purchase,
- 6% of the property tax, which will be disposed of between 12 and 24 months after purchase,
- and 3% taxation on real property sold between 24 and 36 months.
But that is not all. The bill besides included provisions concerning increase taxes for the flippers to reduce the number of transactions carried out. This applies erstwhile an investor buys 3 or more apartments in a 5-year period.
According to Confederate Witold Tumanowicz, "the law is expected to reduce speculative real property trading and limit turnover in general, due to the fact that the bill will not increase the supply of housing on the market, but will consequence in more unrenovated or standing vacant housing in this market," he argued.
Nationals.net
