When purchasing property in Poland, one of the essential costs to consider is the notary fee. This fee is applicable to both foreign and domestic buyers and is calculated based on the property’s value. Notary fees in Poland are regulated by law, with maximum rates set by the government. Typically, the fee ranges from 0.25% to 3% of the property’s value, with a cap for higher-value properties.
What Do Notary Fees Cover?
- Preparation of Documents: The notary will draft and authenticate the sale agreement, ensuring that the transaction complies with Polish law.
- Registration: The notary handles the submission of documents to the Land and Mortgage Register, officially recording the new ownership.
- Taxes: The notary may also collect and transfer the required taxes, such as the Property Transfer Tax (PCC), to the relevant authorities.
Notary Fees Breakdown
The exact fee depends on the property’s value:
- For properties up to 3,000 PLN: 100 PLN
- 3,000 to 10,000 PLN: 100 PLN + 3% of the amount over 3,000 PLN
- 10,000 to 30,000 PLN: 310 PLN + 2% of the amount over 10,000 PLN
- 30,000 to 60,000 PLN: 710 PLN + 1% of the amount over 30,000 PLN
- 60,000 to 1,000,000 PLN: 1,010 PLN + 0.4% of the amount over 60,000 PLN
- Over 1,000,000 PLN: 4,770 PLN + 0.25% of the amount over 1,000,000 PLN (but not more than 10,000 PLN)
Additional Costs
- VAT: Notary fees are subject to a 23% VAT charge.
- Registration Fee: This is a small fee for updating the Land and Mortgage Register, usually around 200 PLN.
Conclusion
When buying property in Poland as a foreigner, notary fees are a crucial cost to plan for. They cover essential legal and administrative services, ensuring that the transaction is legally binding and properly recorded. Consulting with the notary in advance can help you understand the exact costs involved and avoid any surprises.
