Exemption from tax on the sale of immovable property

Income from the sale of immovable property (e.g. an apartment, a house, a plot of land) is exempt from tax under the following circumstances: 

• the ownership of the immovable property has been held for at least 10 years (please see here (only in Lithuanian) on how to calculate the property retention period); or
• you have declared your residence in the apartment or house sold for at least 2 years before the sale; or 
• you have declared your residence in the apartment or house sold for less than 2 years, but within one year you bought another property, and declared your residence there. 

For more detailed information, please see here (only in Lithuanian).