The sale of forest together with the land means the sale of the property.
The risks for the owner are minimal while selling the property (real estate), as the transaction is notarial and from the moment of purchase the new owner is responsible for further action. Very often the sale of the property is still free of income tax and there are several tax incentives compared to the sale of logging rights for the growing forest. It is not always necessary to sell all the property, but two properties may be formed by – one of which can be sold, and the other one can be left to wait for future decisions.
What should be remembered, when the forest owner plans to sell the property:
- do not enter into non-notarial pre-, loan or debt contracts of sale and purchase,
- use the notary deposit to pay the selling price of the property.
