The Independent Authority for Public Revenue (AADE) is putting an end
The Independent Authority for Public Revenue (AADE) is putting an end to delays in property transfers by making life easier for taxpayers. According to the new regulations recently activated, property transfer tax declarations related to the creation, modification, or dissolution of horizontal or vertical property ownership—whether within or outside the objective value system and involving tax due—have gone digital.
Property Transfers
Taxpayers no longer need to visit the Tax Office or the Capital Taxation Office, known as KEFOK, to submit these declarations. Instead, they can do so via the myPROPERTY platform.
Every property transfer file will be mandatorily reviewed by the competent tax services within 60 days. If additional documents are required, taxpayers will be asked to submit them within 15 days.
AADE Guidelines
AADE has issued an updated guide that breaks down all the changes aimed at making the property transfer process easier for taxpayers. In particular:
1. Which declarations are submitted digitally through the myPROPERTY app?
a) Initial property transfer tax declarations in areas covered by the objective value system (APAA), if they:
- Involve the creation, modification, or dissolution of horizontal or vertical ownership, with or without buildings,
- Include the transfer of property rights, distribution, exchange, or consolidation of properties,
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