A contribution payer or a natural

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in the case of exchange, these periods apply to each person making the exchange. A person who has sold real estate in order to then purchase another one for his or her own residential purposes must settle accounts with the Tax Office. The income, revenues, tax-deductible costs and depreciation write-offs should be included in the PIT- form. The tax rate on income from the sale of real estate is % according to flat taxation . It is also possible to pay the liability on general terms tax scale.

If the revenues do not exceed the designated tax threshold which is currently PLN , , taxation is %. Above this value – %. How to philippines photo editor avoid paying real estate sales tax? Is it possible to avoid paying tax liability on the sale of an apartment? Tax on the sale of inherited real estate This option exists when selling inherited property. This is what Art. of the Personal Income Tax Act: In the case of paid disposal of real estate or property rights acquired by inheritance, as specified in Article point letter ac, the period referred to in this provision is counted from the end of the calendar year in which the property was purchased or constructed, or the property rights were acquired by the testator.



The regulations also cover the issue of market price volatility and possible discrepancies between the information contained in the documentation such as a notarial deed and the actual situation. Therefore, Art. of the Personal Income Tax Act assumes that income from, among others, paid sale of real estate or property rights is their value expressed in the price specified in the contract, less the costs of paid sale. If the price, without a specific reason, differs significantly from the market value of these things or rights, this revenue is determined by the tax authority or the fiscal inspection authority in the amount of the market value.