How To Purchase Real Estate With Crypto In Georgia: Though the average seller has no desire to sell you real estate for cryptocurrency, some development companies, and the occasional independent seller, are certainly interested in doing so.
Because of the nature of the law, the purchase would be considered a barter exchange. In this way, the transaction is legal.
Once you have owned the property for more than 2 years, you can sell it without paying capital gains tax in Georgia. However, if you sell in under 2 years, then 20% capital gains tax will be owed in Georgia.
The list of options for purchasing property with cryptocurrency in Georgia is relatively short and certainly not something that is well-advertised online. If you would like to be connected with developers/sellers who will accept crypto, our Georgian lawyers can facilitate the sale as well as assist with legal matters.