Dear Beata, your whole income should be exempt from taxation if you have lived there for more than two years just before selling. Only a part of…
Dear Beata,
your whole income should be exempt from taxation if you have lived there for more than two years just before selling.
Only a part of your income used for a purchase of next housing will be exempt from taxation if you have lived there less than two years just before selling.
For a final assessment of your case I’d need more information. Please feel free to contact us.
Michael Hajek
tax advisor No. 1328
taxing proceeds from property sale
09:21 05.01.2022Hello, last November we sold an apartment with my partner (we each owned 50% of the apartment). We owned the apartment for just over two years. My…
Hello, last November we sold an apartment with my partner (we each owned 50% of the apartment). We owned the apartment for just over two years. My partner then used part of the money from the sale to pay out a mortgage on the house we live in (he is the sole owner of the house and the mortgage was under his name). The remaining part of the money from the sale of the apartment is in my bank account. What is the best way to optimise the tax payment on the proceeds from the sale? thank you in advance for your help!
Beata