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Investors often pay much attention to the taxes and fees they have to pay at the time of buying property.
Truth be told, stamp duties, VAT and real estate agent fees can become significant when added up.
But, to have a complete exit strategy, it’s equally important that you understand what taxes you need to pay when holding and selling property.
In most countries, sellers need to pay capital gains tax when selling property. The tax can be substantial, especially if the property has increased much in value.
In this article, I list Asian countries where you don’t have to pay capital gains tax.
First, let me explain what capital gains tax is and how it’s calculated.
What is Capital Gains Tax?
Capital gains tax, sometimes referred to as CGT, is collected by governments and charged to the profits made when selling assets. Might it be real estate, businesses or stocks.
In Asia, capital gains tax rates normally range between 0% to 20%, depending on where you buy. With rates that high, the tax can reduce your profits significantly.
Not to forget, you might even be subject to capital gains tax in countries where the tax is generally not charged.
Continue reading 7 Asian Countries Without Capital Gains Tax
