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This is how property prices are determined by tax authorities!

March 22, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
This is how property prices are determined by tax authorities!

The procedure includes built and old unbuilt properties - adopting 40 percent of the sale price when it is difficult to determine the acquisition price. The tax authorities have established a new method for calculating the capital gain resulting from the sale of built and unbuilt properties subject to the overall income tax (IRG), in cases where it is difficult to know the original price of the property at acquisition or the value of its construction. This procedure comes to facilitate the calculation of taxes on old properties or those resulting from the division of family ownership or undocumented transfers, or when the property price does not appear in official documents such as property registers. According to the new instruction, 40 percent of the sale price is adopted as an estimated value...

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