Exemption from appreciation tax
A tenant who transfers building rights to a developer under TMA 38 is entitled to exemption from appreciation tax, up to a certain value.
Applicable taxes
- Appreciation tax: Exemption for the tenant
- Purchase tax: Exemption for the tenant for the construction services
- VAT: applies to the developer
- Improvement levy: exemption/discount
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.