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Is there Value Added Tax on transactions with land and lease of property?

April 26, 2017added land lease Property tax transactions value

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Is there Value Added Tax on transactions with land and lease of property?

4 Answers

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A23: Transactions with land and lease of property for residential purposes are exempt from Value Added Tax /VAT/. All other real estates transactions are subject to VAT, which is 20 %. The buyer/ lessee is entitled to a VAT refund, provided that it is registered for VAT purposes.

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23: Transactions with land and lease of property for residential purposes are exempt from Value Added Tax /VAT/. All other real estates transactions are subject to VAT, which is 20 %. The buyer/ lessee is entitled to a VAT refund, provided that it is registered for VAT purposes.

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Posted

Transactions with land and lease of property for residential purposes are exempt from Value Added Tax /VAT/. All other real estates transactions are subject to VAT, which is 20 %. The buyer/ lessee is entitled to a VAT refund, provided that it is registered for VAT purposes.

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Posted

Transactions with land and lease of property for residential purposes are exempt from Value Added Tax (VAT). All other real estate transactions are subject to VAT – which is currently 20%. The buyer / lessee is entitled to a VAT refund, provided that they or their company are registered for VAT purposes.