Know the Rules
Property ownership comes with duties. Understanding them protects you. This guide explains what you need to know.
Property Registration
All land must be registered. Visit the District Land Office. The process includes:
- Submit your application
- Property survey
- Get your title certificate
- Pay 0.5% registration fee
Transfer Tax
When buying or selling:
- Transfer tax: 0% for registered properties
- Registration fee: 0.5% of value
- Notary fees: About 1% of value
Annual Property Tax
You pay yearly taxes on:
- Land value
- Building value
- Rates vary by district
Rental Income Tax
If you rent your property:
- Pay income tax on rent
- Rates: 0% to 30%
- File annual returns
Capital Gains Tax
When you sell for profit:
- Pay 5% on the gain
- Keep purchase records
- Primary homes may be exempt
Stay Compliant
Follow the rules. Avoid penalties. Consult a lawyer for complex cases.