What taxes should be paid by the seller
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What taxes should be paid by the seller calculated on the selling price of the property?

The income that is being received as a result of the sale of a real estate is being taxed with 10% on the selling price.

The income acquired via property sale or exchange during the tax year is not being charged a tax if the period between the acquisition and the sale/exchange of the real estate is longer than three years.

The income acquired via sale or exchange of up to two real estate properties as well as forests and farm land regardless of their number is not being charged a tax if the period between the acquisition and the sale/exchange is longer than five years.

The property that is being inherited or acquired as a result of testament or endowment, as well as the property that is being acquired as result of restoration of property rights is not considered an income and thus not being charged a tax.

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