Capital Gains Tax
Capital Gains Tax is levied at 25% on profits arising from the sale of a property. However, when "foreign" owned property is sold, there are generous allowances and exemptions from the tax. The "gain" also takes inflation into account. Remember to keep evidence of improvements to your property after taking possession of it, such as invoices, as these will be useful when the "gain" is calculated.
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- Capital Gains Tax