Assistance with the administration and disposal of inherited property of foreign nationals

Service Description:

Managing the inherited estate of a foreigner in Poland can be challenging due to the complexity of legal and logistical regulations. Our law firm offers comprehensive services to support foreigners in selling and managing inherited property, ensuring the entire process is smooth and in compliance with Polish law.

Services for managing inherited estate include:

1. Legal and Tax Analysis – We conduct thorough analyses of the legal and tax situations of the inherited estate, essential for proper management and planning future sales.
2. Real Estate Management – We offer a full range of real estate management services, including leasing, maintenance, and oversight of all administrative issues.
3. Estate Sale – We assist in preparing for the sale, valuation, promotion, and finalization of the transaction of the inherited estate, maximizing financial benefits for the heirs.
4. Capital Transfer – We assist with issues related to the international transfer of capital resulting from the sale, including currency and banking matters, ensuring that funds are transferred safely and efficiently.

We ensure that all actions are carried out with the highest level of care and professionalism, respecting both the wishes of the decedent and the applicable legal provisions. Our goal is to minimize burdens for the heirs and ensure that the process of managing and selling the inherited estate is free from unnecessary obstacles. IN the tab “Inherited Property for sale” you will find properties that we manage.

Formalities for selling inherited property in Poland by a foreigner

The transfer of ownership rights after a deceased relative requires the heir to complete a number of formal procedures before Polish administrative authorities. The first step is to obtain a certificate of inheritance (notarial deed of succession) or a court decision confirming the acquisition of the estate. These documents confirm the legal title to the property and make it possible to register ownership in the land and mortgage register.

Proper documentation of property rights facilitates the later sale of inherited real estate in Poland by a foreigner without unnecessary administrative delays. It is also important to report the acquisition of the property to the tax office in order to avoid financial penalties. Timely tax settlement protects the heir’s interests from potential tax audits.

Taxation of the disposal of inherited property

The sale of a property before the expiry of five years from the end of the calendar year in which it was acquired by the deceased gives rise to an obligation to pay income tax. The tax amounts to 19% of the income earned, reduced by documented expenditures incurred on the property.

It is possible to benefit from a housing relief, provided that the funds are allocated to the taxpayer’s own housing purposes within a specified time limit. Foreign residents must also take into account the provisions of double taxation avoidance agreements concluded between the Republic of Poland and their country of residence.