Addition, reconstruction or renovation of one's own residential building, part thereof or one's own residential premises are important. The following expenses constitute expenses for your own housing purposes: Purchase of a gas stove, electric or gas-electric cooker, induction hob, ceramic hob, oven, dishwasher, washing machine, built-in or free-standing refrigerator, internal ceiling and wall lighting, including LED strips and halogen eyes, kitchen hoods Furniture permanently attached to the building premises.

Made to individual order, i.e. built-in wardrobes, storage spaces, wardrobes and custom-made kitchen furniture It was also clarified that philippines photo editor the purchase of "small household appliances" such as a coffee machine, toaster, toaster, microwave oven cannot constitute expenses for own housing purposes . If any doubtful issues have not been clarified in the general interpretation in question, the only option left is to submit an application for an individual interpretation. Real estate sales – summary The purchase and sale of real estate is associated with specific obligations under the Income Tax Act. Selling real estate within years of its purchase very often requires settling the income from the sale. In such a case, the tax is % and the sale should be settled in the annual PIT- return.



You will not always have to pay tax, it is possible to use the so-called housing relief, as we wrote in the publication. Due to interpretation differences regarding the qualification of expenses for own housing purposes, the Ministry of Finance issued a general interpretation in which it clarified what can and cannot be classified as such expenses. Regardless of whether we use the housing relief or not, if the sale of the apartment is within years, we are obliged to submit an annual PIT- settlement.