Should I pay VAT if I buy land ?
As regard to the New Legislation for VAT charge on land / plots, (all type of land, apart of agriculture land)
we insist that the owners should get in contact with the VAT Offices, so that to check if the property they plan to sell, is vat chargeable.
For the owners who own land/plot 'as a share' , thus part of the land belongs to another owner, we insist that all the owners will get in contact with the VAT offices.
Such charge should be notified to the prospective buyer by our agency, before the process of purchase.
The vat charge is 19 pct.
In case your property is handled by our agency, please notify us the soonest, in case there is a vat charge.