Tax Incentives on Re-evaluation of Immovable Property

 

The types of immovable properties included in the scope of this law and its instruction that can be re-valuated are land and buildings.

Individuals and legal entities may request within 28.02.2017 the re-valuation of the land and/or buildings under their ownership, as well as of the property which is under the registration process.

Legal entities will be allowed to re-evaluate only land and buildings that are classified as property plant and equipment in their 2015 financial statements. Buildings or land held as inventory are not allowed to be re-evaluated. 

 

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