This Is How Property Prices Are Determined By Tax Authorities
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The tax authorities have approved a new method for calculating the capital gain resulting from the sale of built and unbuilt properties subject to income tax (IRG), in cases where it is difficult to ascertain the original acquisition price of the property or its construction cost.
This measure aims to facilitate the calculation of taxes on old properties, those resulting from the division of family estates, undocumented transfers, or when the property price does not appear in official documents such as title deeds.
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