AGRICULTURAL ESTATES – TAX ASPECTS OF SALE, PURCHASE AND INHERITANCE

An agricultural estate transaction is usually more complex than an ordinary land transactions, since a person who owns an agricultural estate holds several different rights to which he sells to the buyer – each of these rights has a different tax impact. For inheritance, it is customary to divide the bundle of rights into five separate rights entities: The residences and/or existing residential buildings on the estate. Remaining residential building rights. Remaining residential plots that allow for the establishment of non-agricultural business activities (e.g.,