Capital gains tax on property sales in Serbia is 15% on the difference between the purchase and sale price. However, there are important exemptions that can significantly reduce or eliminate this tax. If you used the apartment as your primary residence for at least 2 years, you are exempt from capital gains tax.
Another important exemption relates to reinvestment — if within 90 days of the sale you purchase another residential property, you can claim an exemption. Renovation and improvement costs can also be deducted from the tax base, provided you have fiscal receipts.
A common mistake sellers make is not knowing the proper calculation of acquisition costs. The purchase price includes agency fees, notary costs, and taxes paid at the time of purchase. We recommend consulting with a tax advisor before selling, especially if the property was inherited or received as a gift.
