Selling a property used in a business

Property market transactions often interest entrepreneurs who run companies specialising in other fields. Find out what can characterise the sale of a property used in a business. In this article you will find many tips and reliable information.

Income from company assets

People who run a business decide on transactions involving various kinds of goods, as well as assets and company properties. This raises the first question: can the sale of a property used in a business and entered in the register for tax deduction purposes be settled separately? Under the Personal Income Tax Act, income from a business includes income from the sale of fixed assets connected with the company and entered in the register of fixed assets, and of intangible assets. This act applies to non-agricultural activity. When a company property is sold, the obligation to pay tax on the transaction arises on the date of disposal of the property right to that property, as specified in the sales agreement.

Selling a property used in a business: special circumstances

Some entrepreneurs decide to run a business from a house or flat. This solution is often chosen by people who run a one-person company. It is an idea used, for example, by translators, graphic designers, photographers, programmers and tutors. For this purpose they set aside part of the property as the company's registered office. In such a case, the regulations stress that income from the disposal of this type of property is included in the income from the business.

Investing in property

The current situation on the property market interests many entrepreneurs and company owners. Investing money in property is considered a very profitable solution. This market in Poland is developing strongly and allows you to invest cash and earn a long-term profit. The profit may come from selling the property or from renting it out.

READ ALSO: SELLING PROPERTY UNDER CONSTRUCTION!

If you have further questions about selling a property used in a business, we invite you to contact the representatives of REMAX Gold. The agents will answer all your questions and take care of the formalities that will need to be completed.