TONYKO - What are the taxes upon the selling price of the property, due by the Seller ?

What are the taxes upon the selling price of the property, due by the Seller ?

What are the taxes upon the selling price of the property, due by the Seller ?
The answer of this question is in the Taxes upon the Income of Physical Entities Act. The taxes upon the income of physical entities from selling property is 10%. The income from the Sell or Exchange of one property is tax free within one calendar year, regardless of the date of acquiring the property. The income of the sell or exchange of up to two real estates, as well as those of the sell/exchange of agricultural land or woods, regardless of their number is also tax free, given that more than 5 years had passed from the date of acquiring to the date of selling/exchanging the property. On the other hand The Taxes upon the Income of Physical Entities Act does not treat as income inherited, bequeathed or donated property.