إعفاء المنزوعة عقاراتهم من ضريبة التصرفات.. 5 سنوات

The General Authority for State Properties revealed that the Cabinet's decision regarding the expropriation of properties for public benefit and temporary possession of properties will result in exempting those whose properties have been expropriated from real estate transaction tax for a period of 5 years, equivalent to the tax value of the compensation amount or less, and from white land fees in case they are compensated with alternative grant lands. The compensations will be determined based on market value, with an additional 20% as compensation for expropriation or temporary possession.

The Authority indicated that the system will come into effect after 120 days (4 months), and procedures will not commence until financial appropriations are available. Properties will be evaluated by three appraisers accredited by the Saudi Authority for Accredited Valuers, and the supervisory reference for expropriation and temporary possession procedures will be unified.