Tax rate for sale of house to other owner?

[Upphew]

If one owner sells his half to the other owner, what tax rate is charged to the seller? i.e. the money the owner receives on the sale

Depends. If the seller has lived over two years then the profit is not taxed.
See: https://www.vero.fi/en-US/Individuals/Selling_your_home

[Upphew]

Upphew, thanks! I remember Hank mentioning that he got burned when he bought his ex out of the house. If in a divorce, one owner buys the other out, is the seller not taxed? It would be a transfer of ownership from both to just one. I understand about capital gains and not paying tax, normally. But if one owner buys the other out, is there a separate tax law for that?

Maybe the purchaser has to pay tax on the purchase of half the house?

Yup. Buyer is certainly liable for taxes in case like this, when one can't be the first-time homebuyer: https://www.vero.fi/en-US/Individuals/Buying_a_home
Seller is not taxed if s/he has lived in the house for two years or more.

[Oho]

Thanks for taking the time to help, Upphew! Takes me awhile to get my head around these kinds of issues. Intelligent, but not so quick!

There also is rather significant tax on transaction itself 'varainsiirtovero' (transfer of assets tax my English fails me) which is levied on the entire selling price not just profit.

https://www.vero.fi/en-US/Precise_infor ... ansfer_Tax

[betelgeuse]

Upphew, thanks! I remember Hank mentioning that he got burned when he bought his ex out of the house. If in a divorce, one owner buys the other out, is the seller not taxed? It would be a transfer of ownership from both to just one. I understand about capital gains and not paying tax, normally. But if one owner buys the other out, is there a separate tax law for that?

Maybe the purchaser has to pay tax on the purchase of half the house?

Yup. Buyer is certainly liable for taxes in case like this, when one can't be the first-time homebuyer: https://www.vero.fi/en-US/Individuals/Buying_a_home
Seller is not taxed if s/he has lived in the house for two years or more.

In a divorce there's no tax if no assets outside the split (ositus) are used.

https://www.vero.fi/fi-FI/Syventavat_ve ... rinnonjako

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