Property taxes

This is 2% of the appraised value of the property. The appraised value is calculated by the officer at the Land Office. It is dependent on the Sale and Purchase agreement, and in most cases, the buyers will also partly pay for this fee.

This is 3.3% of the registered sale value reported to the land office or the appraised value, whichever is the highest. Specific Business Tax is exempt from various conditions. For example, the Land Department will consider if the seller has bought the property for more than 5 years and not more than 10 years or if the property is being used as the seller