Calculating gains and losses in the tax return - sale of plots of land

Any gain made on the sale of a plot of land will be taxable. Similarly, you can deduct a loss in the tax return. 

Gains or losses made on the sale of plots of land must be entered in the tax return for the income year in which the property is taken over by the purchaser. This applies even if the purchase sum is paid in full or in part in a different year.

You can use form RF-1318 as a help for calculating tax liable gain/deductible losses. The form shall not be submitted to the tax office or enclosed in the tax return.

What to do:

  • You calculate the tax liable gain/deductible loss by using RF-1318 as a help
  • You enter the calculated amount in the tax return

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Important information

You do not need to send us any documentation concerning this, but you must be able to present it upon request.