MONTENEGRO Law and Practice Contributed by: Milan Keker, Aleksandra Bujkovic, Ivan Pejovic and Iva Rolovic, Keker, Bujkovic & Pejovic
the capital gain. Certain exemptions apply, such as transfers between spouses, parents and children, and the transfer of property used as the taxpayer’s primary residence. 8.5 Tax Benefits Tax benefits from owning real estate primarily apply to legal entities rather than individuals. Legal entities can claim depreciation on buildings (excluding land) as a deductible expense, which reduces taxable income over time. Depreciation is calculated using the straight-line method, typically at a rate of 2.5% annually. However, individual property owners do not benefit from depreciation deductions or other direct tax incentives solely for owning real estate.
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