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Tenant Exempt from Property Tax Declaration
The Real Estate Tax Authority clarifies that tenants are exempt from submitting the property tax declaration, as the obligation lies solely with owners or those who utilize the unit. The deadline for submitting the declarations has been extended until the end of December 2026 to enhance citizens' benefit from the tax incentives, which include a discount of up to 30% on residential taxes and 15% on non-residential taxes when paid electronically within the specified period. Additionally, the exemption threshold has been raised from two million pounds to eight million pounds, aiming to alleviate the financial burden on citizens.
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