Walless Tax Cookie: Planned VAT changes in Estonia may limit deductions on rental apartments
2024 07 11
Attention Estonian real estate investors – changes in VAT rules are expected that may impact your business.
Many invest in rental apartments through companies and deduct VAT on the acquisition. But this is allowed only in certain cases, and the rules are changing.
Expected new VAT rules will make deducting VAT harder. Previously, your business plan and planned usage were key. Soon, the first supply (renting with or without VAT) will be the deciding factor.