Is there any tax obligation related to acquisition of land and building?
The acquisition of right on land and or building is subject to acquisition Duty of Right on Land and Building payable by the buyer
What is the taxable object?
Taxable object shall be an acquisition right on land and or building.
What is the definition of acquisition?
The definition of acquisition of right on land and or building includes transfer of right due to: buying; bartering; granting; bequeathed granting; inheritance; contribution to company or other legal entity; separation or right causing transfer of right; buyer determination in auction; judge order which has a definite court verdict; merger; consolidation; business expansion; gift and conferral of new right due to: continuation of releasing of right; other.
What is the definition of right on land?
The definition of right on land includes: ownership right; right to cultivate; right to build; right to utilize; ownership right on apartment; and development right.
What is the rate of the acquisition duty of right on land and building?
The rate is 5%
Posts
No comments:
Post a Comment