How much tax will you have to pay? - Sale of plots of land

Any taxable gain will normally be taxed as capital income at the rate of 22 percent. Losses will be deducted correspondingly.

However, you can't simply assume that the income will be taxed as capital income. In some cases, gains made on the sale of plots of land are taxed as business income at the rate of up to 50.6 percent.

Whether or not the sales activity is considered to be commercial activity will depend on an overall assessment which takes into account the scope and duration of the activity.

It's primarily cases where properties and/or plots of land are bought and sold for investment purposes that an assessment of whether or not commercial activity is taking place will become a possibility.