Obtaining ownership of real estate property also includes, for the purposes of real estate transfer taxes, the dedication or provision of real estate property to a trust fund. The dedication of real estate property is a subject of the real estate transfer tax only if it is made for consideration.
The transfer of real estate for consideration is not exempted from the real estate acquisition tax and is therefore subject to the same tax as other real estate transfers. The transfer of real estate is considered to be made for consideration even in case of non-monetary performance provided in return for the transfer of the real estate.
Only the transfers of real estates situated in the Czech republic are subject to the real estate transfer tax. The tax rate for the real estate transfer tax is currently 4 % of the value of the transferred property.
In case the real estate is transferred by the trustee from the trust fund, the trust fund is the taxpayer, unless the contracting parties stipulate otherwise. Should the trust fund become the taxpayer, the buyer becomes a guarantor.
If the real estate is transferred to the trust fund, the seller is the taxpayer, unless the contracting parties stipulate otherwise. Should the seller become the taxpayer, the trust fund becomes a guarantor.