Question 1. Is the income from rent that I receive as an individual taxable, and do I owe any social security contributions on it?
- According to Art. 13, para. 1, item 24 of the Personal Income Tax Act (PITA), "Income received from rent, lease or other pecuniary provision for the use of agricultural land" is non-taxable
Question 2: Can I sell the land when I am a co-owner and own ideal shares of properties? Can I provide ideal shares of property/s that I own for processing?
- Yes, you can, subject to certain legal requirements for this. For more information, you can contact a representative of the company. Our broker will explain the procedure in detail and will assist you with legal advice on what is the best option for you in your specific situation.
Question 3: Can "Stili Agro" Ltd. take care of issuing the necessary documents for the sale transaction and/or signing a contract for land cultivation?
- Yes, a representative of the company can issue the necessary documents on your behalf. For this purpose, you must sign an explicit power of attorney with a notarized signature. Ask our broker how this can be done most easily.
Question 1. Is the income from rent that I receive as an individual taxable, and do I owe any social security contributions on it?