Income received from selling a car, apartment or other property in 2025 must be declared in the declaration to be submitted by November 2, 2026 inclusive, if the one-time amount received exceeds 1 million drams. This applies to cases where the buyer is not a family member, an individual entrepreneur or a notary. When selling land, however, the income must be declared regardless of the amount, and moreover, these incomes are not taxed under the general rule.
The rules are set out in Articles 147 and 156 of the RA Tax Code and by RA Government Decision No. 225-N of February 26, 2026.
Income received from the sale of property owned by right of ownership from individuals who are not family members, individual entrepreneurs or notaries is not subject to declaration if the amount received per transaction does not exceed 1 million drams. The exception is income from the sale of land.
Non-taxable income received from family members is not subject to declaration regardless of the amount. Family members are considered to be the spouse, parents, sisters, brothers, children (adopters and adoptees), grandparents and grandchildren.
If the threshold is exceeded, the income is subject to declaration in the full amount. For example, when selling a car for 3 million drams, the full 3 million drams must be declared, not just the portion exceeding 1 million. According to the State Revenue Committee's clarification, these incomes are entered in Section 2 of the declaration, line [2.12] "Income from alienation of property."
As for taxation, income received from the sale of property from individuals who are not individual entrepreneurs or notaries is not taxed. Exceptions include, for example, the sale of a building, apartments or other premises by an individual considered a developer of a multi-apartment or divided building, as well as the alienation of certain types of crypto-assets. Income from the sale of land is also not taxed, regardless of the land's designated purpose.
In summary, income from selling a car or apartment must be declared if the one-time amount exceeds 1 million drams, while land sales must be declared regardless of the amount; these incomes are not taxed under the general rule.
Notice: this material is prepared solely for legal awareness purposes and does not constitute legal advice.
The most commonly misunderstood point is precisely the logic of crossing the threshold: people tend to think that the tax authority is only interested in the portion exceeding 1 million. In reality, the full transaction amount must appear in the declaration, so in the case of a car sold for 3 million drams, the figure will be exactly 3 million, not 2. This is especially important for those who have made several transactions during the year, since the 1 million threshold is considered separately for each transaction, not collectively for the year.
The deadline also requires attention: the declaration is submitted by November 2 inclusive, and missing it, even when the income itself is not taxed, may raise additional questions with the tax authority. In the case of land, there is no threshold at all: any amount is subject to declaration, although no tax is levied.
A separate topic is transactions with family members: here there is no declaration obligation regardless of the amount, but the Code defines a fairly narrow circle: spouse, parents, children, sisters and brothers, grandparents and grandchildren. A transaction with a more distant relative is subject to the general rule, and this often worries people who have registered property, for example, in a cousin's name.
