Urban Renewal Taxation Review

importance

Urban renewal includes TMA 38 (strengthening + expansion), TMA 38/2 (demolition and construction), and evacuation-construction. For each type of tax arrangements are different.

Shared benefits

  • Exemption from appreciation tax for tenants
  • Exemption from purchase tax on construction services
  • Relief in the improvement levy

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.