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any ideas on avoiding income tax from selling a property in the EU?

Discussion in 'Business & Tax Advice' started by Rushdie, Jan 2, 2014.

  1. Rushdie

    Rushdie BANNED BANNED

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    hi,


    legal/legit stuff only(loopholes etc)

    ive got an apartment i want to sell in the EU (Poland). i think the only way in the EU to avoid paying income tax from selling an apartment is if it was your main place of residence for 5 or some other number of years, so im out of luck. I really can't wait 4 years cause i want to move fast and i also don't want to buy another apartment with the money right away.

    did i miss something or is there no way to avoid the income tax?

    thanks
     
  2. innozemec

    innozemec Jr. VIP Jr. VIP

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    Consult yourself with a lawyer or accountant about that!

    In my country which is in EU, there is no income tax if you sell only 1 property within a calendar year, no matter if it is your main or not. Actually multiple properties could be sold as long as they are sold at once in one notary act.

    I didn't know that before consulting with my lawyer. So, best would be for you to check with a Poland lawyer about the exact local regulations
     
  3. Rushdie

    Rushdie BANNED BANNED

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    sure i will. thanks