• Article 356 (Part 3); Article 366 (Part 1); Article 378 (general provisions on benefits)
Scenario 1: Sale with profit within 36 months (3 years)
• Example: You purchased an apartment in 2024 for 100 million UZS. In 2026 (less than 3 years later), you sell it for 200 million UZS.
• Calculation:
- Tax base: 200 million (sale price) – 100 million (purchase price) = 100 million UZS (net income).
- Tax rate: 12% (for residents).
- Tax payable: 100 million × 12% = 12 million UZS.
• Basis: Tax is applied to the positive difference between the sale price and the documented purchase cost.
Scenario 2: Sale after 36 months (3 years)
• Example: You purchased an apartment in 2022 for 100 million UZS. In 2026 (more than 3 years later), you sell it for 200 million UZS.
• Result: No 12% tax is paid on the profit (100 million UZS).
• Basis: According to tax legislation, income from the sale of residential real estate owned for more than 3 years is exempt from taxation.
Scenario 3: Sale without profit (at purchase price)
• Example: You bought an apartment for 100 million UZS and sell it for the same price (or lower) within 3 years.
• Result: No tax is payable since there is no taxable income.
• Calculation: 100 million – 100 million = 0 income. 12% of 0 = 0.
