Paved lots
On 30 June 2011, President of the Czech Republic Vaclav Klaus signed an amendment to the Real Estate Tax Act. The changes introduced by the amendment apply exclusively to entrepreneurs who own paved lots, i.e. tracts of land designated as “other area” or “built-up area and courtyard” with paved surface (no vertical structure thereon).
The amendment introduces two tax rates for paved lots. The tax rate in the amount of CZK 1 per square meter shall apply to plots used in primary agriculture, forestry and water management. The rate in the amount of CZK 5 per square meter shall apply to lots used for other business operations.
The amendment shall take effect on 1 January 2012 and apply to the tax duties for 2012.
Other articles
KŠB secures landmark Supreme Court ruling on size premiums in squeeze-out valuations
Kocián Šolc Balaštík (KŠB) has obtained a significant victory before the Czech Supreme Court in a dispute over the fairness of the consideration paid to minority shareholders in Léčebné lázně Mariánské Lázně a.s. In its judgment in case no. 27 Cdo 1678/2025, the Court dismissed the claimants’ appeal and upheld the lower courts’ decisions. KŠB lawyers Radka Felgrová and Vlastimil Pihera represented the company and its majority shareholder.
KŠB advises on the sale of a majority stake in Znakon Group to enteria
KŠB provided legal advice on the sale of a 75% stake in Znakon, Znakon Asfalt and Znakon Servis to enteria, a Pardubice-based group and one of the Czech Republic’s largest construction holdings.
KŠB Runs for a Good Cause
On Tuesday, 8 September three teams from KŠB took part in the eighth annual Good Will Run organised by the Olga Havel Foundation in Prague’s Hvězda Park. Proceeds from the entry fees will go towards supporting families facing difficult circumstances due to serious illness, loss of housing or domestic violence.
