Obligation to declare income from the sale of immovable property

If the property sold is classified as immovable property, and income from the sale of such property is classified as non-taxable income, then no declaration of income from the sale of immovable property is required.

If income received from the sale of immovable property is classified as taxable income, then such income must be declared at the end of the year by 1 May of the following year.