Title Deed Fees paid on Sales Under Urban Regeneration May Be Recovered!

It has been a matter of debate whether an exemption applied to title deed fees arising from sales to third parties of independent sections in immovable property assessed as risky buildings or risky areas within the scope of Code No. 6306 on the Transformation of Areas that are under Disaster Risk (“Code”).

As per Article 7 of the Code, which regulates conversion revenues, transactions, contracts, transfers, registrations and other transactions within the scope of the Code are exempt from title deed fees.

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