Calculators to determine the subsidy

Preliminary calculation of the subsidy amount for the acquisition of first real estate

THE BASE FOR CALCULATION
 
  • The base for calculating the maximum subsidy amount is the product of usable surface area of the apartment, or the family house, the applicant is entitled to depending on the number of family members and the average price per square meter in the local self-government unit where the real estate is acquired or built, and it is determined according to information published by the ministry competent for construction.
  • The base for family houses, depending on the number of members of the applicant’s family, is calculated on the basis of the surface areas from Article 30.d (3) of the Act increased by 50%.
  • The beneficiary can purchase real estate which entails up to 50% larger surface area or up to 50% higher price per square meter in comparison to the prescribed one, but VAT will be refunded in accordance with the prescribed surface area and price with respect to the number of household members.
  • If the contract price of the residential real estate is higher than average, the calculation is done on the basis of the determined average price, but if the contract price is lower than average, the calculation is done on the basis of the contract price.
  • Usable surface area of residential real estate is net usable value of the surface area of the condominium unit, which can comprise a separate unit, auxiliary units and additional units. For inner compartments (apartment), a coefficient 1.00 is used, while for loggia, terrace, balcony, etc., i.e. for parts which are not inner compartments, prescribed coefficients are used - you can find them here.

VAT REFUND FOR PURCHASING FIRST REAL ESTATE PRELIMINARY CALCULATION OF THE SUBSIDY AMOUNT FOR THE ACQUISITION OF FIRST RESIDENTIAL REAL ESTATE

The applicant who has paid value added tax for the acquisition or construction of first residential real estate is entitled to obtain subsidy payment in the amount of 50% of the value added tax.

REAL ESTATE TRANSFER TAX REFUND PRELIMINARY CALCULATION OF THE SUBSIDY AMOUNT FOR THE ACQUISITION OF FIRST RESIDENTIAL REAL ESTATE

The applicant who has paid real estate transfer tax is entitled to obtain subsidy payment in the amount of the real estate transfer tax.