More buildings acquisitions with 5% VAT and possible effects.

The removal of the limitation for purchasing a single building with 5% VAT rate encouraged the real-estate industry development. As a result, the developers intensified the real-estate project, while some individuals are attracted by real-estate investments. With such opportunities, the parties may slip into a tax trap – namely, developers may deviate from the conditions of applying the favourable VAT rate, while the individuals may make multiple acquisitions, confusing the personal property with the one of a business, issues raising different tax implications.