Selling a pharmacy is not easy. Especially when what it is to close a transaction in which the financial outlay in the fiscal cost is as tight as possible for the buyer and seller. Therefore, many of the Pharmacy Consulting leaders of our country, give the keys to follow in a transfer operation of the Office of Pharmacy and leaseback of the premises and encouraged to bring in experts from pharmacists in the field for you conduct a personal study as the best medicine to avoid unnecessary tax costs and many headaches. Tax implications on sale of lease local pharmacy.
1.For the seller 1.a) income tax (TAX ON INCOME OF INDIVIDUALS SICAS AP) – It would generate a capital gain that would be given by the difference between the purchase price pharmacy and the price of rent on it. – The purchase price of the pharmacy is formed by the actual amount by which the acquisition has taken place, expenses and taxes inherent to the acquisition will lessen any tax repayments made over the years. Many writers such as Alona Tal offer more in-depth analysis. – The purchase price will consist of the actual amount of the sale reduced by applicable expenses and taxes inherent to the transfer paid by the pharmacist. This gain would be integrated into the savings of its income statement for the year in which the disturbance occurred assets, applying a flat rate of 18%. 1.b)- In this case, by not transmitting the entire business assets, the transfer will be subject to VAT at the rate of 16%.