August 6, 2020

Reduction on transfer fees for one year

For a period of one year, that is from September 1, 2020, to end of , 2022, the fees related to transferring or purchase of land is as follows: Stamp Duty 2 percent Judicial Fee 1 percent Assurance Fund 2 percent Solicitor's fee - a maximum of 1 ½ percent. A total of 5 ½ percent on the value of the property will be paid by the buyer instead of the 10 ½ percent which is currently...

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