Reduction in registration fees for transfer and mortgage of immovable properties extended for one year

(11/2009)

The reduction in the registration fee for the transfer and mortgage of immovable properties to 0.01% is extended for a further period of one year from 29 March 2009 to 28 March 2010 in respect of the purchase and sale of the following immovable properties:

• Land, buildings, buildings with land under the law governing land apportionment, or land apportioned by a government body, whereby the building includes a single house, duplex house, row house or commercial unit;

• Immovable properties whereby the purchase and sale takes place without any land apportionment, as follows:
  
  - Single house, duplex house, row house or commercial unit;
  - Single house, duplex house, row house or commercial unit together with land with an area not exceeding one rai;

• Condominium units;

• Office buildings with or without land that have been granted a construction permit or construction notice under the law governing building control.