How to settle unplanned

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It is therefore necessary to have a good plan to be prepared for many possible scenarios; Variable sales time - the goal of flipping is to sell the renovated property as quickly as possible to achieve the desired profits as quickly as possible. However, the market is very volatile and dynamic, which often forces the investor to react quickly. A wrong decision can mean large financial losses; Unforeseen costs – despite your strategy, plan and budget, you cannot predict all possible events.

Some of them may result in  costs. How to settle real estate flipping? Transactions related to philippines photo editor apartment flipping involve the payment of tax. On what principles should this aspect be considered and on what factors does the amount and type of tax liability depend? Income tax on the sale of real estate Pursuant to art. 10 1 8 of the Personal Income Tax Act, the source of income is the paid sale of: real estate or parts thereof and shares in real estate; cooperative ownership right to a residential or commercial premises and the right to a single-family house in a housing cooperative; perpetual usufruct rights to land; other things if.



Paid disposal does not take place in the course of business activity and was made in the case of paid disposal of real estate and property rights specified in the above-mentioned cases - before the expiry of five years from the end of the calendar year in which the purchase or construction took place, and other things - before the expiry of half a year from the end of the month in which the acquisition took place; – in the case of exchange, these periods apply to each person making the exchange.