Poland has exempted first-time homebuyers from paying a 2% transaction tax when purchasing a property on the secondary market. It will also soon introduce a new 6% transaction tax on those who buy six or more properties in the same development.
The changes are part of the government’s efforts to help young people buy their first home and to discourage individuals from purchasing multiple properties for profit, as Poland grapples with a housing shortage.
The tax relief, which went into force at the end of August, applies to all first-time buyers on the secondary market – meaning properties that are being resold, rather than newly built ones – and not only those who take advantage of a preferential loan scheme for first-time buyers launched two months earlier.