What is the Real Estate Acquisition Fee?
acquisition; Acquisition is a term that means acquisition. In real estate, an acquisition is the official acquisition of real estate by a person. According to Article 705 of the Civil Code No. 4721, the acquisition of real estate, that is, the acquisition of ownership, is by registration. Registration is carried out through the deed transfer process. The date on which the title deed is registered is considered the date of acquisition.
However, in cases such as inheritance, forced execution or expropriation, the right of ownership is acquired before the transfer of title is carried out. In such cases, although the date of acquisition of the property right is accepted as the acquisition date, the owner of the real estate must first register the title deed in order to make savings on the property, such as selling or renting.
Why is the Acquisition Date of the Real Estate Important?
The acquisition price and date are used to determine the capital gain tax amount. According to Article 80 of the Income Tax Law No. 193, the gains obtained by the disposal of an acquired real estate within 5 years are subject to value increase tax. According to the relevant article of the law, tax liability arises regardless of the type of acquisition. It is not just the purchase of real estate; It is also sufficient to acquire it through barter, barter, expropriation or investing in trading companies as capital. Real estates acquired and disposed of in this way are also subject to capital gains tax.
How is the Acquisition Price Calculated?
Selling price index on the changing purchase prices of a property. Indexing and arithmetic are performed. Standard volume Calculating the real estate world index, the rate of the month in which the property is sold is not taken into account. Determine the value of real estate over the purchase price calculated for the increase in the WPI. Do you get property gains tax on real estate capital? You can read our article.
