The termination of joint tenancy in Romania is another step that necessitates the payment of judicial stamp tax. This is the process through which co-owners of a joint property choose how to split it. In Romania, the most frequent instances of termination of joint tenancy involve heirs, business partners, or co-owners of real estate, vehicles, and other significant assets.
„For example, four siblings inheriting a house valued at RON2m and wishing to divide it among themselves would need to pay a stamp tax calculated based on the value of the property and the amount exceeding the RON250,000 threshold. In this case, the stamp tax for exiting co-ownership would be RON11,802. Another frequent example is exiting co-ownership for agricultural land valued at RON600,000, where the stamp tax would be RON4,802 under the new legal provisions. In such cases, a partition lawyer in Romania specializing in judicial partition in Romania and partition in Romania can assist in determining the value of the property subject to partition and calculate the stamp tax in Romania in compliance with the new regulations. Additionally, a litigation lawyer will provide legal assistance in drafting the necessary documentation to establish the share of each co-owner and represent the client in court during the partition action in Romania,” The Romanian Law Firm Pavel Mărgărit and Associates’ representatives recently announced.
„Every divorce action in Romania, judicial partition in Romania and termination of joint tenancy in Romania can benefit from the expertise of a partition attorney in Romania or a stamp tax lawyer from our team. We are dedicated to offering complete services to ensure the partition lawsuit in Romania is as simple and efficient as possible for our clients,” Dr. Radu Pavel added.
The amendments to the Law on stamp tax in Romania in 2024 have significantly impacted the costs associated with divorce proceedings, divorce partition in Romania, judicial partition in Romania, and termination of joint tenancy in Romania, facilitating access to justice for litigants. In the past, judicial stamp tax represented a considerable burden for many individuals seeking to legally divide their assets, with the costs of partition or the divorce procedure in Romania often acting as a barrier to accessing the courts. With the help of a real estate partition attorney in Romania, litigants can navigate the partition lawsuit in Romania much more easily, benefiting from a faster, more transparent process and significantly more affordable financial costs.
