Property income - arises from a positive difference in the purchase and sale price, provided that the time of registration of objects owned by individuals is less than one year. As property income, a positive difference from resale with the registration of the following property rights is subject to accrual:
1. residential premises;
2. land plots, garages, land plots, the purpose of which is suburban construction, land plots, the purpose of which is the construction of a house;
3. commercial real estate and land plots adjacent to it or located under it (shop, office, hotel, restaurants, etc.);
4. mechanical vehicles;
5. investment gold, securities, equity interests and other financial instruments.
In accordance with paragraph 1 of Article 320 of the Tax Code, the taxpayer's income subject to calculation is taxed at the rate of 10 percent. Also, in accordance with Article 364 of the Tax Code, an individual income tax declaration must be submitted to the tax authority at the place of residence no later than March 31 of the year following the reporting tax period.When concluding contracts for the purchase and sale (donation, inheritance) of housing, it is necessary to comply with the conditions of legal establishment for the full duration of the limitation period, that is, in accordance with article 48 of the Tax Code, within the limitation period. At the same time, late payment of taxes and other payments to the budget entails bringing to administrative responsibility in accordance with Article 272 of the Administrative Code of the Republic of Kazakhstan.