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Price it

Seller net sheet

The amount the seller actually leaves with, after commission, its tax, the remaining loan and the cost of getting the property sold.

The seller's side

Net to the seller

EGP 4,907,750

Commission including VATEGP 242,250
VAT on the commissionEGP 29,750
Remaining loanEGP 3,200,000
Other costsEGP 150,000
Total deductedEGP 3,592,250
Net share of the price57.7%

The method

Commission is charged on the sale price, then VAT on the commission is added. The remaining loan balance and the fixed costs are deducted from the sale price with it. The result is the cash the seller receives before any tax on capital gain.