Selling property in Georgia is fast to process, but the tax outcome depends on how long you owned the asset and whether you're treated as conducting a business.
Capital gains tax
For an individual not engaged in business activity, income from selling property held for more than 2 years is tax-exempt. If sold sooner, the gain is typically taxed at 5%, calculated on the difference between purchase and sale price (or on the full sale amount if the original purchase price isn't documented).
The sale process
The sale agreement is notarized or executed at a Public Service Hall, then ownership is re-registered at the Public Registry — usually within one business day at standard service speed. You'll need: passport, title document, and spousal consent if applicable.
Practical tip
Keep your original purchase contract and proof of payment — without them, a sale within 2 years gets taxed on the full sale amount rather than just the gain.