What is the tax amount in case of exchange of the real estate?
The same amount of 5 % but here both owners of the real estate which are changed pay 5% from the value of their property. When do you need to pay tax for selling the real estate? After concluding and certificating then buying and selling agreement the obligation of the buyer is to bring a copy of the agreement to the local tax office in the period of 30 days from the certification in public notary’s office. Public notary also needs to bring one copy of the agreement to the local tax office. The obligation of the buyer is to pay the amount of tax which is determined from the tax office in the period of 15 days from the receipt of the exact amount of the tax from the tax office. If the tax is not paid in time then additional interest has to be paid for each day over the stated period. Does the seller need to pay tax when he sells the real estate? No. He has to pay tax only in case that he sells the property in 3 years from its buy or if he sells it more than he has paid for it. In that c
