Description
Real estate is one of the common forms of good investment of financial resources aimed at preventing devaluation and focusing on their long-term appreciation. Real estate always reflects higher orders of financial resources, and thus it receives certain attention, appearing in both the business and personal lives of many individual income tax payers. Many individual taxpayers commonly encounter real estate as buyers, sellers, landlords, hosts, and entrepreneurs; real estate is often gifted or subject to inheritance proceedings. The aim of this publication is to help individual taxpayers navigate the tax implications related to real estate, including exemptions on income from their sale, securing housing needs, correct and optimal taxation of income derived from real estate transactions, and proper application of tax expenses. The text explains many connections associated with the acquisition and holding of real estate, whether for rental, accommodation, business, or potential future sale. It does not overlook interventions in real estate of a repair or technical enhancement nature, as well as the creation of reserves for their repairs. In addition to the impacts on personal income tax, it describes...
Information
Author: Hnátek Miloslav
Publication date: January 10, 2023
Manufacturer: GRADA Publishing, a. s.
Genres: Specialized and technical literature, Law, Accounting, Books, Social sciences, Economics
Type: Books - paperback
Pages: 212
ISBN/EAN: 9788090739895

