LAND SALE - TAX AMOUNT?

[PETERTHEEATER]

When completing the sale of a land plot, the seller is liable to tax based on the recorded price paid or assessed by the Land Office.

 

What is the amount currently? I have it as 2% but would like confirmation.

 

Any other taxes payable at the same time?

[Peterw42]

There are a few variables, 2% is the normal transfer fee, another 3% if the property is owned for less than 5 years, or owned by a company. .5% stamp duty.

lots of legal websites have a breakdown of fees and taxes.

[PETERTHEEATER]

I rub you hansum man. Thanks alot.

[cheeryble]

Like your little wisecrack under your post.

I have a friend who could beat a nuclear power station.