Are municipal taxes paid on the occupation of business premises, for example business rates?
Are there any exemptions? The Urban Property Tax (IPTU), a municipal tax levied annually on the appraised value of the real estate, is paid by the owner of real estate located in urban areas. Rates vary from city to city. There are also some municipalities that require the payment of extra tax on real estate used in economic activities, and on the disposal of waste. The Rural Property Tax (ITR) is a federal tax levied annually on the appraisal value of the real estate located in rural areas. The owner (or the person who uses the property) is responsible for the payment of this federal tax. Rates vary, according to the size and productivity of the property, from 0.03% to 20%. There are very few exemptions, which have to be investigated on a case-by-case basis. Real estate finance 23. How can corporate real estate be used to finance a business? In particular through: • Secured lending. • Sale and leasebacks. • Other financing such as real estate securitisation. Real estate can be used as
