The Czech Senate rejected the government’s proposal to rescind the real estate tax, sending it back to the lower house for changes. Senators from the opposition parties complained that the proposal contained mistakes. Along with ending the duty of buyers to pay 4 percent of the price of the real estate to the state, the bill was supposed to make CZK 300,000 the maximum amount by which mortgage borrowers could claim as a tax write off. Current practice allows them to claim all of the interest they pay, but critics of the new law said it would make it impossible. News that the bill hasn’t become law yet could make Czech consumers who bought a home recently nervous, but political observers believe it could make its way back to the Senate by September.
