Does anyone know if Board of Investment personal income tax rates apply to more than just salary income?  For example, if I sell my condo at a profit, would the standard personal income tax rate scale apply to the gain, or would the lower flat BoI rate apply?

On 8/5/2023 at 5:52 PM, Misty said:

Does anyone know if Board of Investment personal income tax rates apply to more than just salary income?  For example, if I sell my condo at a profit, would the standard personal income tax rate scale apply to the gain, or would the lower flat BoI rate apply?

In case anyone else is searching for this answer at some point in the future, here's what I learned:

 

1) The BoI lower personal income tax rate applies only to wages and salary, not to sale of assets.  This is reported on a PND95 form.

2) Sale of a condo would be reported and taxed differently.

 

Cheers.