14. Apr 2016   Business Recht Steuer Werbung

Constitutional court’s decision on determination of market value of real estate

Saša Sodja, CMS

On 23 March, the Slovenian Constitutional Court, by repealing Article 8 of the Real Estate Transfer Tax Act, decided that the generalized market value cannot be used as a manner of determining the market value of real estate for the purposes of taxing the transaction. It remains to be seen in practice what approach the tax authorities will now take in assessing whether the purchase price is market price and determining the tax basis. [mehr]