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"personal income tax" · 4 results
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Selling cirsma is not a capital gain — it is income from the use of property, taxed at 10 %. Cirsma and harvested roundwood are two different transactions with 25 % and 50 % expense allowances, so the effective burden is 7.5 % and 5 %. Five scenarios with numbers and links to the tax authority's own guidance.
When selling standing timber, the effective tax rate is 7.5%. When selling forest land, it's 25.5% on the capital gain. The difference comes down to one legal question: what exactly are you selling. We break down both regimes with worked examples.
Contrary to a widespread belief, revisiting cadastral values in Latvia has not raised property tax on forest. Since 2025 two values are kept apart: the fiscal one, which the tax is calculated from and which stays at its previous level, and the universal one, which tracks the market but does not affect tax. Here is what that means for a forest owner.
When you buy forest in Latvia, the right to hunt comes with the land — but on a typical small holding you cannot legally use it, and an existing hunting lease can quietly discount the price. Here is who holds the right, how the district and the contract work, who pays when deer strip your young pines, and what a buyer should check before signing.
