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Category : Tax

Buying the real estate in Latvia – tax aspects

Usually an individual, when buying a real estate inteded for personal use, for example, an apartment, a flat or a private house, will register himself as an owner of the property. Indeed, the mere purchase of the real estate as such, does not create any immediate tax consequences. However, if the buyer has an intention (or at least allows) to sell this property sometime in the future, it is probable that he/she will be liable to pay tax for the sale of […]