Paradox
Can anyone let me know whether (I am guessing there must be) there is a property tax like the council tax in the UK and how much it is likely to be on a property costing 1million AED? Thanks. :D
sage & onion
- Paradox wrote:
Can anyone let me know whether (I am guessing there must be) there is a property tax like the council tax in the UK and how much it is likely to be on a property costing 1million AED? Thanks. :D
2 kinds of taxes are here.
Fee when you register the property with lands, I think it's 1% now
and Housing fee paid along with your DEWA bill @ 0.5% PA
sharfraz
there aint no income tax now...
what if they plan to start?
seardarren
Then we'll all move to another Emirate - or get a pay rise.
arniegang
- sage & onion wrote:
- Paradox wrote:
Can anyone let me know whether (I am guessing there must be) there is a property tax like the council tax in the UK and how much it is likely to be on a property costing 1million AED? Thanks. :D
2 kinds of taxes are here.
Fee when you register the property with lands, I think it's 1% now
and Housing fee paid along with your DEWA bill @ 0.5% PA
On owned properties, its 1.5% on proerties completed prior to December 2006 and 1% subsequent to Dec 2006.
On rental properties it is 5% of the annual rent payable.
sharfraz
no income tax = no citizenship?
income tax = citizenship?