- New VAT guidelines for immovable property effective from 1 July 2025, clarified in January 2026.
- The VAT “time test” for completed property is reduced from 5 years to 23 months; after this period, supplies are generally VAT-exempt.
- Optional VAT taxation is expanded to non-established sellers, with consent required from certain EU buyers.
- Building land is taxed at 21% VAT; other land is generally exempt.
- Social housing status is determined by the RÚIAN register, with reduced VAT rates applying only to social housing and varying by building type and completion stage.
Source: taxand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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