Services for this group
Our focus
Sectors in this group
- Estate agents
- Property companies
Repairs or improvement costs
Deductible at once or spread over the remaining useful life. In the first three years after purchase the fifteen per cent limit applies on top.
Depreciation of the building
Splitting the purchase price between land and building, the remaining useful life and the higher rates for new build.
Income from letting
Rents, service charge statements, interest and reserves in the letting schedule.
Property companies
Where property is held in a company, the extended trade tax reduction may apply. Its conditions are strict.
Sale within ten years
The gain is taxable if less than ten years passed between purchase and sale and the property was not owner-occupied.
Commercial property trading
Anyone selling several properties within a short period becomes a trader. Trade tax then applies as well.
Common questions
Questions we hear often
I refurbished the flat after buying it. Can I deduct that at once?
Only to a limited extent. If refurbishment costs in the first three years after purchase exceed 15 per cent of the building’s value, they count in full as improvement costs and are written off.
When is a sale tax free?
After ten years from acquisition, or where you lived in the property yourself in the year of sale and the two preceding years.
Is a company worth it for property?
Sometimes, because of the extended trade tax reduction. The conditions are narrow and unwinding it is expensive. This belongs in the calculation before the purchase.
Who else we work for
Trades and constructionInterim invoices, construction withholding tax and materials paid up front. Sequence shapes cash flow.
Transport and logisticsDrivers, vehicles, tolls and cross-border runs. Four cost blocks, four different rules.
Hospitality and personal servicesWhere cash crosses the counter daily, the tax office pays particular attention to the till and to cost of sales.Request an engagement
Let us get to know each other
Write briefly what the matter is. The questionnaire takes a few minutes and your answers go straight to Marek Hejzel. We then arrange a first meeting, at the practice or by phone.
