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The Real Estate Tax Authority has specified that properties valued at less than 8 million pounds are exempt from property taxes, provided they are designated as the primary residence. The head of the authority confirmed that this threshold does not harm citizens when contesting the tax, and that a permanent 25% discount is granted to compliant taxpayers. The deadline for submitting tax declarations has been extended to the end of December 2026. Additionally, a discount of up to 30% is offered on residential units when the declaration is submitted and payment is made in advance.
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