The owner of the villa is allowed to resell his property with no minimum price requirement. There is no capital gains tax. However, a land transfer tax of 5% must be paid by the vendor and the new buyer pays a 5% registration duty.
The owner of the villa is allowed to resell his property with no minimum price requirement. There is no capital gains tax. However, a land transfer tax of 5% must be paid by the vendor and the new buyer pays a 5% registration duty.