1.  Due diligence costs for the purchase of real estate
    1. Municipal search
    2. Cost
    3. VAT
    4. Utility search (each service)
    5. Cost
    6. VAT
    7. Land registry search (per search)
    8. VAT
    9.  Company search, per company
    10. VAT
    11.  Survey/Valuation fee, approx
    12. VAT
    13.  Phase 1 Environmental survey
    14. VAT
  2. Costs associated with a contract for purchase of real estate and registering title
    1.  VAT on price
    2. Cost
    3. VAT
    4.  Transfer duty
  3. Tax or duty on the acquisition of shares in a company owning real estate
  4.  Capital gain taxation on future disposal of real estate or shares in a company owning real estate
    1.  Tax on capital gains on the disposal of the real estate itself
    2.  Tax on capital gains on the disposal of shares in a company owning real estate

jurisdiction

Romania

1. Due diligence costs for the purchase of real estate

Cost

N/A

VAT

N/A

1.2 Utility search (each service)

Cost

N/A

VAT

N/A

VAT

Nil

1.4 Company search, per company

VAT

Nil

1.5 Survey/Valuation fee, approx

VAT

19%

1.6 Phase 1 Environmental survey

VAT

N/A

2. Costs associated with a contract for purchase of real estate and registering title

2.1 VAT on price

Cost

Nil

VAT

19%

5% for any new residential property of under 120sq m. and under EUR 100,000 (the 5% quota applies only once per individual or family)

2.2 Transfer duty

3. Tax or duty on the acquisition of shares in a company owning real estate

For a notarised assignment agreement: 0.25% of the value declared by the parties (however it is not compulsory to notarise the assignment agreement).

4. Capital gain taxation on future disposal of real estate or shares in a company owning real estate

4.1 Tax on capital gains on the disposal of the real estate itself

Sale by a company: if applicable the general tax on capital gains of 10%; Sale by an individual: (income tax)

  1. 0 for up to RON 450,000; or
  2. 3% of amount exceeding RON 450,000.

4.2 Tax on capital gains on the disposal of shares in a company owning real estate

Sale by a company: 10% corporation tax;
Sale by an individual: 10% income tax applicable to the difference between the value of the selling price of the shares and the nominal value of the respective shares.