FinlandAccounting and Audit
Finnish government is going to propose some major changes in the Finnish stamp duty regime effective 1.1.1997. These proposals are based on a working group study released in May 1996. Stamp duty related to transfer of real estate is expected to decrease from 6 % to 4 % from the purchase price. Government has decided that the new lower tax rate applies already to transfers made after 1.7.1996.
When the general tax rate will decrease the tax base is going to be expanded so that stamp duty applies also to transfers of buildings with rental agreement to the land-base. Government is also going to propose that stamp duty should be levied on transfers of buildings. These proposals will affect negatively to reorganisations of group of companies because stamp duty will apply more extensively to reorganisations when buildings are involved.
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