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A progressive property tax regime for residential properties was launched in Finances 2010 and enhanced in Budget 2013. Previous to that, property tax was levied at a flat charge for all residential properties. A extra progressive tax regime on property wealth is socially equitable since taxpayers with more worthwhile properties pay increased property tax. Such a tax construction won't harm the competitiveness of our general tax regime or cut back the incentives for enterprise. Property Tax on Non-residential Properties

We use cookies to ensure that we give you the best expertise on our website. When you continue with out altering your browser settings, we'll assume that you are happy to obtain all cookies on the Knight Frank web site. Find out more about how Knight Frank makes use of cookies If the owner takes the matter to the courtroom to evict the tenant, then the tenant will get a "Summons" and "Complaint." This can be a authorized notice which gives a tenant 5 business days to answer the declare of the owner. If the tenant feels that the notice will not be justified, then he wants to reply to the notice failing which the court can make a "default judgment" which robotically provides the property to the owner.

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