| The government’s decision to discontinue a property sales tax break five years after it was introduced is likely to slow sales, particularly in the high end of the market, real estate industry sources said last week.
The tax break, introduced in 2007, cut the property purchase tax from 30pc of the purchase price to 15pc, and to 12pc for properties over K5 billion. State media announced on August 9 that the tax break, which was due to expire on August 11, would not be renewed...............................................Full Article: Source
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