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    Urban Renewal Taxation Review

    importance

    Urban renewal includes TMA 38 (strengthening + expansion), TMA 38/2 (demolition and construction), and evacuation-construction. For each type of tax arrangements are different.

    Shared benefits

    • Exemption from appreciation tax for tenants
    • Exemption from purchase tax on construction services
    • Relief in the improvement levy

    Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.