The real estate that is transferred under state ownership based on the succession right (property without an owner or confiscated property) will be sold by the State Tax Service at auctions. Such a provision is contained in a draft decision to amend and supplement the regulations concerning the recording, assessing and selling of confiscated and sequestrated property, property without an owner, perishable products or products with a short shelf life, corpus delicti, property transferred under state ownership based on the succession right and treasures.

Senior inspector at the State Tax Service Olga Babanski has told IPN that this property is now transferred free to the local public authorities of the area where it is located. The draft decision envisions that this property will be sold at public auctions. The goal of the decision is to increase the amounts collected into the state budget by selling the real estate defined in the regulations.

Under the draft decision, to auction real estate, the State Tax Service at each auction will institute by an order a five-member commission that will consist of representatives of the Service, the Public Procurement Agency, the Ministry of Economy and Infrastructure, the local public authorities of the area where the auctioned property is located and of a representative of independent real estate experts.

The auction commission will decide the selling price of property, but this should not be lower than the one set in the assessment report, the auction participation tax and tax payment time limits and will choose the winters of the auction or will suspend the auction, if need be. At least 15 days before the auction, the State Tax Service will publish a communication on the auction in the Official Gazette and on its website.