The Czech Government reportedly approved on 30 April 2020 a proposal from the Ministry of Finance for the repeal of the country's real estate transfer tax. The 4% tax is levied on the acquiring party in real estate transactions based on the greater of the transaction price or the officially appraised value of the property.
The bill for the repeal must now be submitted in parliament, and if approved, is to apply retroactively from 1 December 2019. In order to address speculative activities i…