Destiny1990 Posted December 12, 2023 Share Posted December 12, 2023 We own a land and a house its splitted for over 15 years. land 3M and house 7M. in case of a sale will there be income tax for the sellers? If so than what will be the amount? Link to comment Share on other sites More sharing options...
khunPer Posted December 13, 2023 Share Posted December 13, 2023 On 12/12/2023 at 4:11 AM, Destiny1990 said: We own a land and a house its splitted for over 15 years. land 3M and house 7M. in case of a sale will there be income tax for the sellers? If so than what will be the amount? Yes. If owner registered in house book there will be a 50% deduction of appraised property value (land+house), the value will be divided with 10 – or split over 10 years – and income tax calculated for each year without any personal deductions; i.e. starting at 5% for each year. The is an excellent property sales tax calculator HERE. 1 Link to comment Share on other sites More sharing options...
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