Antena 3 CNN Romania Dilapidated building tax may ruin landlords

Dilapidated building tax may ruin landlords

Dilapidated building tax may ruin landlords
04 Sep 2015   •   10:57

A house left in ruins could ruin its owner from now on. Under the new Fiscal Code, those failing to provide adequate property maintenance will pay taxes up to five times higher.

In many cases, we are dealing with historical monuments or buildings that were given back or are still to be returned to their former owners.

Quite often, not the dilapidated building but the land beneath it is the real stake behind the shady deal. This dirty business might come to an end and tax dodgers could end up losing their houses.

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