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Real Estate Ownership Bill Does Not Introduce New Taxes or Fees, Clarifies Misunderstanding with Building and Land Tax Law
The Land and Survey Department confirmed that the Real Estate Ownership Law aims to facilitate the execution of shared property removal transactions, resolve any pending issues, and digitize real estate procedures, including electronic sales and digital signatures, without imposing new taxes or fees on transactions. The law also seeks to support investment, stimulate real estate activity, and make it easier to organize sales based on plans, while revitalizing the construction and contracting sectors.
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