Government is considering an end to the stamp duty tax in the Budget for this year.The Government wants to use the proposed State Budget for 2010 to advance the elimination of charging stamp duty on purchase and donation of property and its acquisition charge.Under this tax, should also disappear settlements in the leases, the allocations, a significant number of notarial acts (such as wills or heirs of education) and capital increases at companies.
Provided that was was announced by the Government takes place, seems that soon all new property buyers will feel a decrease on the tax to be paid upon the purchase moment.
The Stamp Duty tax is of 0,8% over the purchase cost meaning that a in property bought for 200.000 Eur., the property buyer will pay less 1.600 Eur. !
This change will have effect after application of new Budget for 2010, normally happening in February/March.
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