News
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19. 04. 2011
Aktual Photos
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14. 03. 2011
Anticipated Methodology for Charging VAT on the Purchase Price of the Apartment Units within the Residential Park Baarova project
At present, prospective unification of VAT rates, which means, in essence, a substantial increase in VAT imposed on the transfer of apartment units in new buildings, is being a hotly debated issue. A reduced rate of VAT at the level of 10 % is being presently charged on apartment units of up to 120 sq m of floor area.
In case of the increase in the reduced VAT rate, possibly, from 1 January 2012, a rate which is currently stated at 14% by the media will be charged following that day. In our opinion, the date of 1 January 2012 is realistic, given the press coverage and our awareness of the length of the legislative process. Nevertheless, the proposed VAT rate has been recently several times significantly modified.
The date of taxable supplies is understood, pursuant to the current legislation, as either the date of the transfer of the apartment to the acquirer for use, or the day of delivery of the contract on the transfer of the apartment, with a clause on legal effects of the entry in the cadastral register, whichever day is earlier, so presumably, the date of the transfer of the apartment.
Since we are expecting the approval of construction work on the Residential Park Baarova in November 2011, a possibility exists that clients will have concluded a purchase contract, along with having paid the final balance of the purchase price, and the apartment will have been transferred for use prior to the end of 2011, and, therefore, the current reduced VAT of 10% will be chargeable on the entire purchase price. Nevertheless, this is subject to the final decision by the Government and approval for an amendment to the VAT Act from the Chamber of Deputies, Parliament of the CR.
Should the date of taxable supplies fall within the period of the amended VAT Act being in effect, the increased reduced rate will be charged. Nevertheless, it remains a separate question whether the higher rate will be chargeable on the entire price for the apartment, or solely on a final balance above the level of advance payments or instalments made prior to the effect of the amendment. This will be addressed within the transitory provisions of the prospective amendment, which, however, has not been prepared for the first reading of the law yet. In the past, at the turn of 2007/2008 and 2009/2010, the transitory provisions always stipulated that the higher rate was chargeable solely on a final balance above the level of advance payments/instalments that had already been made. For this reason and based on the consultation with the Ministry of Finance, we assume that, with a degree of probability, the identical rule will be also kept in the next amendment. However, we are not able to guarantee that; the reverse version might be also true.
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20. 04. 2010
Bathrooms on View
Have you just decided, or are you deciding to buy an apartment in the modern residential development which, known as Residential Park Baarova, is being prepared by PASSERINVEST GROUP? Then there is something that might help you make a decision – a sample bathroom in CLASSIC standard has been designed by Ptáček studio.
Bathroom studio Ptáček
Jeremenkova 14
140 00 Praha 4
Lucie Maidlová, Sales Advisor
Martin Dejnožka, Sales Advisor
Tel.: 420 224 001 166, 168
E-mail: koupelny.praha@ptacek.cz
www.koupelny-ptacek.cz
Opening hours:
Mon. – Fri. 9:00 – 19:00
Sat. 10:00 – 15:00
The clients of the Residential Park Baarova can choose between two standards: CLASSIC and MODERN. As the MODERN standard bathrooms feature more square patterns, they are more simple and subtle in design than the CLASSIC ones.
To download the sample bathrooms designed by Ptáček studio in both the standards CLASSIC and MODERN click HERE.
To download the full catalogue click HERE. -
18. 05. 2010
Come in…
LIGNIS, a high standard door manufacturer, has opened a showroom where those interested can examine customized doors to their new home in the Residential Park Baarova. You can see a safety entrance door with a Wenge veneer finish and Tupai stainless safety fittings. The apartments delivered in the CLASSIC standard have interior single-leaf doors in lead lined door frames, a Wenge tropical veneer finish, 210 cm in height. For comparison, the MODERN standard interior doors are available with a lacquered veneer finish.
Should you be interested in a visit to the showroom, contact please Sales Advisor Jan Čuba in advance (+420 777 923 708, cuba@lignis.cz)
Lignis s.r.o.
Na Cípu 442
149 00 Praha - Kateřinky
www.lignis.cz
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19. 07. 2010
Construction Begun!
The Residential Park Baarova is a new project, whose construction was begun by the Czech developer PASSERINVEST GROUP on 19 July 2010. Almost 30% of the total of 139 modern apartments have been already sold.
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20. 01. 2012
Do not hesitate to come and view our show apartment
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11. 10. 2010
FILADELFIE Shopping Arcade Opens!
Today marks another important step in the history of BB Centrum. A new shopping arcade has just opened in Building FILADELFIE, Prague 4, and, as a result, the broad range of shops and services has been further extended in order to enhance its multipurpose character even more.
An Albert supermarket, a dm chemist’s, a Jitka Kudláčková Jewels, an Interiér Čáp kitchen studio, as well as another two catering facilities: the Mango Chinese restaurant and the EXPRESS SANDWICH fast food, all are included in the list of shops and services which are just opening today. In addition, a dry cleaner’s and laundry, along with men’s fashion TOMBOLINI will follow suit during the October.
PASSERINVEST GROUP, the developer of BB Centrum, effectively pursues its commitment to enhancing the range of services and opportunities in this part of Prague 4.
More information HERE
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20. 06. 2010
Floor – a centre of your home
You can examine and choose your future floors at the Rýdl flooring centre. The standard offer includes tree-layer glued wooden floors in the Ash Trend – CLASSIC standard, and the Oak Antique – MODERN standard.
Rýdl podlahové centrum s. r. o.
Pod Lesem 2212/11a
140 00 Praha 4
Phone.: +420 841 555 841
E-mail: rydl@rydl.cz
Web: www.rydl.cz