🏡 Income from Capital Gains on Real Estate

🏡 Income from capital gains on real estate located in the Republic of Kazakhstan arises upon its sale or transfer as a contribution to the authorized capital of a legal entity if the property has been owned for less than two years.

🌎 Income from capital gains on real estate received free of charge and located outside the Republic of Kazakhstan arises upon its sale or transfer as a contribution to the authorized capital of a legal entity, regardless of the period of ownership.

💹 Income from capital gains on real estate is:

🧾 Upon sale – the positive difference between the sale price and the original cost of the property;

🏢 Upon transfer of property as a contribution to the authorized capital – the positive difference between the value at which the property is contributed to the authorized capital, but not exceeding the amount against which such property is contributed, and its original cost.

The value at which the property is contributed to the authorized capital is determined based on a document confirming the acceptance and transfer of such property.

📜 The original cost of a real estate property is the documented:

🏷 Purchase price of the property;

✏ Purchase price of the real estate property being sold or transferred after a change in its functional and/or intended purpose, where such change occurred between the date of acquisition and the date of sale or transfer.

🎁 The original cost of property received free of charge is:

📝 The value previously included as income from property received free of charge – where the value of such property was included in the taxable income of an individual entrepreneur or an individual;

🪙 The market value;

🔍 The appraised value;

🗺 The cadastral (appraised) value – in the case of the sale or transfer of a land plot;

0️⃣ Zero value – in all other cases.

🌍 The original cost of real estate located in a jurisdiction with preferential taxation is considered to be zero.

Source : https://www.gov.kz/memleket/entities/kgd-zko/press/news/details/1283146?lang=ru