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Croatia Gazettes Law Reducing Real Estate Transfer Tax
Dec. 31, 2018
The Croatian Official Gazette Nov. 30 published a law reducing the real estate transfer tax rate to 3 percent from 4 percent. The law enters into force and the new rate takes effect Jan. 1, 2019. [Croatia, Official Gazette, 11/30/18] sources: https://news.bloombergtax.com/daily-tax-report-international.... https://narodne-novine.nn.hr/clanci/sluzbeni/2018_11_106_2060.html
Financial Times - Split is number one world heritage site to live in
Feb. 28, 2014
The 10 most alluring world heritage sites to live in: 1. Split, Croatia, inscribed 1979: live in the remains of an ancient Roman palace. 2. The Stone Town of Zanzibar, Tanzania, inscribed 2000: Swahili trading port that time passed by. 3. Bruges, Belgium, inscribed in 2000: great food in romantic medieval streets. 4. Old Havana, Cuba, inscribed in 1982: gently decaying bohemian charm. 5. Campeche, Mexico, inscribed 1999: beguiling fortified colonial port on the Caribbean. 6. Venice, Italy, inscribed 1987: so famous it hardly needs to be a world heritage site. 7. Carcassonne, France, inscribed 1997: medieval fantasy, but beware tourist blight. 8. City of Bath, UK, inscribed 1987: elegance, sophistication and shopping. 9. Medina of Marrakech, inscribed 1985: more shopping, in old-world Arab centre. 10. Macao, China, inscribed in 2005: east meets west in cosmopolitan port. source: http://www.ft.com/....
Acquiring property - EU citizens
April 27, 2011
On 5 December 2008, the Act on Amendments to the Act on Ownership and Other Real Rights was adopted, which has equalized citizens and legal persons from EU Member States with domestic persons by removing from the current Act special assumptions (reciprocity and consent of the Minister of Justice) for acquiring the right to real property ownership in the Republic of Croatia (article 60/2 SAA). Therefore, when the Amendments to the Act enter into force on 1 February 2009, the citizens of the European Union Member States will acquire the right to real property ownership in the Republic of Croatia under the same condition as domestic persons. (Concerning persons who are not citizens of EU Member States, but who plan on acquiring real property in RC, reciprocity and consent of the Minister remain as assumptions which must be fulfilled in order for a person to acquire real property) Procedures which have been motioned by citizens of EU Member State for acquiring real property ownership in the RC, but have not been completed by a final decision before the Act on Amendments to the Act on Ownership and Other Real Rights has entered into force, will be discontinued by official duty. Legal transaction which was concluded before the Act on Amendments to the Act on Ownership and Other Real Rights has entered into force, has the aim of acquiring the right of real property ownership in the Republic of Croatia which a citizen or legal person from the EU Member States has concluded as the acquisitor, is considered valid if the general assumptions have been fulfilled for the validity of that legal transaction and if the legal transaction is completed (convalidation – retroactive enforcement of the Act on Amendments) .