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12.12.2019

Income Tax Exemptions on Sale of Real Estate

Real estate sales and acquisitions rank among the most significant and responsible decisions in financial terms. When selling real estate, the potential consequences of personal income tax of 20% should also be taken into consideration if you acquire the real estate and then sell it “at profit”. In the four cases considered, however, the sales income is not subject to personal income tax at all.

The infographic was prepared by PRIMUS DERLING junior Associate Kristers Zālītis.