Property Transfer Holding Tax Reduced by Government

In a major relief for property owners, the federal government has reduced the holding tax applied on property transfers. The adjustment aims to facilitate smoother real estate transactions, encourage investment, and ease the financial burden on buyers and sellers. Officials indicated that this step is part of broader measures in the FY2026-27 budget to boost the real estate sector and stimulate economic growth. Analysts expect the measure to enhance market activity, reduce informal transactions, and attract new buyers.

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