Taxation of US citizens
Olga Quinn asks:
I am a citizen of the United States. Are there any restrictions for me when buying a property? And if not, should I pay property tax annually.
Expert answers (1)
(Vuleta d.o.o.)
Good day!
For most states, an agreement of reciprocity. Ie, having received the relevant documents from the Ministry of Justice of Croatia, you can properly register the right to property in land books, here in Croatia. This is a standard procedure that applies to all foreigners who are NOT EU citizens, but are citizens of those countries with which the principle of reciprocity operates. On average, the procedure for obtaining documents from the Ministry of Justice takes about 3 months. Below is a list of states with which the principle of reciprocity operates: Alabama, Arizona, Alaska, California, Colorado, Connecticut, Delware, DistrictofColumbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, KansasLouisiana, Maine, Maryland, Massachusetts, Michigan, Missouri , Montana, Nebraska, Nevada, NewYersey, NewMexico, NewYork, NorthCarolina, NorthDakota, Ohio, Oregon, Pennsylvania, RhodeIsland, SouthCarolina, SouthDakota, Tennessee, Texas, Utah, Virginia, Washington, WestVirginia, Wisconsin, Wyoming
As such, the annual property tax in Croatia, so far, no. There is a tax on property for recreation. The tax depends on the location of the object and the area of the object. The rate ranges from 5 to 15 kuna per year per m2 of usable floor space. Those. for a property of 100m2 of usable space, you will need to pay from 500 to 1500 kuna per year (75USD - 230 USD).
Real estate for recreation consider all objects that are used from time to time or seasonally. The obligation to pay this tax applies to all owners of leisure property, regardless of citizenship.
One-time tax on the purchase of real estate is 3%.
In the event that the seller of real estate is a VAT payer, and the real estate is a new building, the buyer is exempted from paying 3% tax.
The situation with a one-time tax, it is necessary to be considered in each case!
Information provided as of January 2019, based on data from the official pages of the Tax Administration and the Ministry of Justice of Croatia.
For most states, an agreement of reciprocity. Ie, having received the relevant documents from the Ministry of Justice of Croatia, you can properly register the right to property in land books, here in Croatia. This is a standard procedure that applies to all foreigners who are NOT EU citizens, but are citizens of those countries with which the principle of reciprocity operates. On average, the procedure for obtaining documents from the Ministry of Justice takes about 3 months. Below is a list of states with which the principle of reciprocity operates: Alabama, Arizona, Alaska, California, Colorado, Connecticut, Delware, DistrictofColumbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, KansasLouisiana, Maine, Maryland, Massachusetts, Michigan, Missouri , Montana, Nebraska, Nevada, NewYersey, NewMexico, NewYork, NorthCarolina, NorthDakota, Ohio, Oregon, Pennsylvania, RhodeIsland, SouthCarolina, SouthDakota, Tennessee, Texas, Utah, Virginia, Washington, WestVirginia, Wisconsin, Wyoming
As such, the annual property tax in Croatia, so far, no. There is a tax on property for recreation. The tax depends on the location of the object and the area of the object. The rate ranges from 5 to 15 kuna per year per m2 of usable floor space. Those. for a property of 100m2 of usable space, you will need to pay from 500 to 1500 kuna per year (75USD - 230 USD).
Real estate for recreation consider all objects that are used from time to time or seasonally. The obligation to pay this tax applies to all owners of leisure property, regardless of citizenship.
One-time tax on the purchase of real estate is 3%.
In the event that the seller of real estate is a VAT payer, and the real estate is a new building, the buyer is exempted from paying 3% tax.
The situation with a one-time tax, it is necessary to be considered in each case!
Information provided as of January 2019, based on data from the official pages of the Tax Administration and the Ministry of Justice of Croatia.
28.01.2019
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