Real Estate owners, investors, Asset and Property Managers today have a global and European focus when it comes to real estate investments. Being confronted with different legal and tax systems a short practical overview can be helpful for those who are trying to find their way in the different European legal systems.
This guide is intended to provide the reader with a short practical overview of the different legal >and tax specialities regarding the transfer of real estate ownership in the different legal systems across Europe. Whilst the terminology is often radically different, the principles are generally very similar but with important specific characteristics. The participating TELFA partners have provided a brief overview on major topics which are relevant in every real estate transaction. This country by county guide makes it possible to determine the most important differences on real estate ownership between the different jurisdictions and the one that are most akin to those in one’s own jurisdiction – and therefore guides you through your real estate transaction.
The topics covered are:
1. Legal regulation
2. Various types of ownership
3. Legal requirements for the transfer of ownership
4. Land registration
6. Transfer tax and VAT
7. Public law aspects
These readily digestible summaries are intended to give the reader a first flavour of another jurisdiction and should not be treated as a complete exposition of the relevant law.
Specific advice will always be required. This document sets out the law and practice as it stands on September 29, 2018.