Misty Posted August 5, 2023 Share Posted August 5, 2023 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? Link to comment Share on other sites More sharing options...
Misty Posted August 12, 2023 Author Share Posted August 12, 2023 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. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now