Capital Gain Tax - Selling a Property

Capital gain tax on the surplus value of selling the property, is postponed until the end of 2024. 

The 15% capital tax on a property sale is going to be as follows:

This tax is calculated based on the difference between the sale price and the initial purchase price. Also the factor of how many years you own the property it reduces the value.

Years	rate	Years	rate
of possession	reduction	of possession	reduction
1	100,0%	14	77,9%
2	98,2%	15	76,4%
3	96,4%	16	74,8%
4	94,7%	17	73,2%
5	93,0%	18	71,7%
6	91,2%	19	70,2%
7	89,5%	20	68,7%
8	87,8%	21	67,2%
9	86,1%	22	65,7%
10	84,5%	23	64,2%
11	82,8%	24	62,8%
12	81,1%	25	61,5%
13	79,5%	26+	60%

Example: Retail price:500.000

                Initial purchase price or cost: 300.000

                Surplus Value: 200.000

                Sale on the 7th year: Then the surplus value is going to be 89.5% x 200.000 =  179.000

                Tax on the 7th year: 179.000 x 15% = 26.850