Application of the reduced VAT rate for the purchase of a dwelling by individuals

In
general, although in recent years the trend has been decreasing, one
Among the most important criteria for purchasing a
new housing, and most of the time the deciding factor
decisional in one direction or another, is the final price that
It must be paid. Composed of the value of the apartment added to the value
to the annexes (shed, parking space, etc.) and to taxes and fees
the price of an apartment must be analyzed accordingly
so that the additional component is as minimal as possible
burdensome for the buyer.

Of
therefore, one of the policies for which real estate developers
for years it was that of a value-added tax
(VAT) specific to the real estate market of 5%, instead of 19%,
valid for consumer goods. If for individuals
Legally, this fee may not be significant.
exceptional, it being subsequently regularized with the equivalent from
from revenue, for individuals VAT can often be a reason
of a negative purchase decision. For example, in the case of a
apartment for sale at a price of 100,000 euros, the difference between
The VAT on 19% and the VAT on 5% total 14,000 euros, which is the price of a
Brand new mid-size car.

In
Currently, the 5% VAT rate applies only to the price of apartments with
usable areas of maximum 120 sqm, without accounting for
the surfaces of the annexes and if, simultaneously, the total sum of the prices
of the apartment, land (where applicable) and annexes not
exceeds 450,000 lei (92,000 euros).

Coming
in support of those wishing to purchase a new apartment,
regardless of whether it is the first, second, or fourth, from 1
In January 2022, the VAT rate will be 5% for everything
Home purchase not exceeding a total amount of 140,000
the euro, calculated in lei at the BNR exchange rate of January 1st
for each year in which the respective transaction is concluded.

Thus,
According to the text of the law, the reduced rate of 5% will apply even if
in the case of a down payment for a new apartment, if according to the contract
concluded it results that at the time of delivery will be met
the conditions mentioned above.

Can we
so as to announce that, in New Greenfield, in a ratio of 90%,
apartments delivered after January 1, 2022 will have a
a VAT rate of 5%, both for the apartments themselves and
for the underground parking space and/or associated storage unit.

And
because the advantages of purchasing an apartment in New
Greenfield it's not just about low taxes by the state,
you can benefit from it now Smart prices ale
apartments currently under construction.

E
It is also good to know that, simultaneously with the development of the new apartments,
we have started construction Greenfield Plaza, a community center
multifunctional which will include a strip mall, SPA, swimming pools
interior and exterior, fitness rooms and additional spaces
for services. The investment will be completed at the beginning of the year
2022 and will cover 21,496 sq m.

Development
neighborhood is based on smart solutions that ensure
resource efficiency over the long term.
The residents of the complex have a healthy lifestyle, and in
Greenfield Băneasa Residence and surroundings are numerous
opportunities to practice sports in nature.

Ensemble
There are numerous green spaces, including private gardens, alleys of
promenade and multiple playgrounds for children. In addition to these, there are
add 4,500 sqm of sports-dedicated spaces such as spaces
for fitness, sports fields, and swimming pools.

Now
best positioning rates, SMART price!

Schedule
Now a viewing, and you come too. Greenfield community. For more
You can find many details about the Greenfield residential complex.
access the project site www.greenfieldresidence.ro Are you able to?
contact by email at greenfield@greenfieldresidence.ro