News 24 | “Zakat and income” specifies whether the “real estate sales” tax is imposed on the second home?



[ad_1]

"Zakat and income" Do you charge taxes? "Real estate transfers" On the second accommodation? The General Authority for Zakat and Revenue responded to one of the tweets on the subject of the second house to property tax, which stated that the house will be used for housing and not for commerce.

The authority clarified that the 5% tax is levied on the full sale value of the property, regardless of its condition, description or use at the time of sale, unless it is The 13 tax-exempt cases.

She indicated that the seller is responsible for collecting the tax and the property tax is paid from the buyer to the seller, and then the seller imports the tax to the Authority.



[ad_2]
Source link