According to the RA Tax Code: - According to Article 143, Part 1, Clause 1, the taxable income is defined as the income tax base for resident individuals, which is determined as the gross income defined by Article 141, Part 1, Clause 1 of the Code and the Code. Positive difference between the deductible income provided for in Article 147;

1) In case of alienation of the real estate owned by a natural person who is not considered a builder of a multi-apartment (including multifunctional) building, a subdivided building, a private residential house, no income tax liability arises;
2) by a natural person considered to be the developer of an apartment building (including a multifunctional) building, a subdivided building or a private residential house: - In case of alienation of an apartment building, subdivided building, its apartments, buildings (including unfinished, unfinished) or other areas by a sole proprietor and other natural person an income tax liability of 20% arises on the income from alienation.
- In case of alienation of a private residential house  during the two tax years following the tax year including the date of its final act, there is an income tax liability of 20% in terms of income from alienation. - In case of alienation of a private residential house after the expiration of two tax years following the tax year including the date of its final act, no income tax liability arises.