Land Transfer Without Possession for Housing Construction

• A company plans to develop housing by selling land without transferring possession, committing to build individual homes.
• The construction is financed through advance payments during the building period.
• The land and housing delivery are linked, as the land is handed over with the completed home.
• The land is classified for residential use with an approved building project.
• Economically, it is a single operation of delivering a finished home.
• A uniform reduced tax rate of 10 percent applies to both the land sale and the housing delivery.

Source: audiconsultores-etlglobal.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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