ea93105 Posted September 30, 2020 Report Share Posted September 30, 2020 Anyone know the rules on capital gains taxes on the sale of raw land here ? I've heard different stories, Thanks Quote Link to comment Share on other sites More sharing options...
Intercasa Posted October 1, 2020 Report Share Posted October 1, 2020 No exemptions due to primary residence and you can raise your basis if you did improvements either using a factura or tax improvement appraisal. Selling as a national or resident avoids the nasty 25% withholding of the sales price. There is a calculator program that will calculate the estimated tax payment for residents who then are required to file a tax return. Quote Link to comment Share on other sites More sharing options...
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