Croatia records a huge and continuous sale of real estate to foreigners. Data show that the sale of real estate to foreigners in 2021 was 50% higher than in 2020. The trend continued in the current 2022.

TT Ekonom with a team of experts assists many clients when buying / selling real estate.

As diverse and individual as real estate is, so are the relevant tax structuring options. This is where experience, know-how and creativity count.

We are able to act as the tax representatives for non-resident individuals who have purchased property in Croatia which includes obtaining tax numbers for them, dealing with the local property tax assessments and arranging payment of their taxes.

This includes filing their income tax declarations if the non-resident individuals or companies sold their property or obtained rental income from it.

„If you purchased, inherited or in any other way acquired real estate (a building or land) when value-added tax (VAT) is not paid for such an acquisition, you are a real estate transfer tax payer.“

The tax rate equals three percent of the real estate market value at the moment of its acquisition. 

The real estate transfer is not considered to be the acquisition of real estate for which the value added tax (VAT) is payable. 

With our renowned real estate partners, we will help you to ensure that your planned property transactions are managed in a problem-free, uncomplicated and – above all – as tax-friendly way as possible. We will also support you in ongoing tax processing.

PROPERTY MANAGEMENT 

TT Ekonom cooperate with our partners who provides a full range of property and rental management services for property owners in Croatia. 

Many of our clients are real estate owners in Croatia, and since they are foreigners and professionally engaged in other businesses, they do not have time to take care of real estate in Croatia or actively manage it through property and rental services and income generation. 

„According to the latest information, property rental prices in Split (and Dalmatia) have increased by an additional 17% in 2022.“ 

The income that the owners get from renting real estate can represent a significant amount. 

The range of property and retal management services applies to:

✓ Registration to local authority
✓ Property rentals
✓ Landscaping, garden and wiming poll maintenance
✓ Cleaning services
✓ Key holding and utility payments
✓ Airport transfers
✓ Communication with guests / Check-in and check-out process
✓ Monthly reports with pictures of the property
✓ Year round property inspections
✓ Accountancy services
✓ Organization and control of all works and repairs on property

If you are looking for a professional property and rental management services with our team of experts and partners, we are fully at your disposal.