Immovable property: CVT to be halved in fiscal year 2011

Posted by property | Posted in Real Estate | Posted on 23-05-2010-05-2008

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Immovable property: CVT to be halved in fiscal year 2011
ISLAMABAD (May 23 2010): The government has decided to reduce the rate of capital value tax on immovable property from 4 to 2 percent by applying uniform rate of tax on all sizes of plots in the coming budget. Besides the tax exemption on all types of plots will be withdrawn.
Read more on Business Recorder

Sharjah draft law for expats’ rights to freehold property
SHARJAH — Expatriates may now own freehold property in Sharjah under certain conditions, after the consultative council of the emirate on Thursday gave nod to a new real estate registration draft law.
Read more on Khaleej Times

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