On 1 June 2016, the Czech Chamber of Deputies (lower house of parliament) approved legislation that clarifies certain aspects of the country's real estate transfer tax, and includes a change that requires the buyer of immovable property to pay the tax due. Under current rules, the seller is required to pay the tax while the buyer is only required to act as a guarantor in most cases. The legislation must now be approved by the Senate (upper house) and signed into law by the president. The chan…