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Finance 16/01/2013 Individuals are exempted from property tax in purchase of houses in rural area
Individuals are exempted from property tax in purchase of houses in rural area
Tashkent, Uzbekistan (UzDaily.com) -- Individuals in Uzbekistan are exempted from payment of property tax on purchased houses within the programme on construction of individual houses on standard projects in rural areas.

President of Uzbekistan Islam Karimov signed a resolution “On programme on construction of individual houses on standard projects in rural areas for 2013”.

The resolution said that individuals are exempted from payment of property tax on purchased houses within the programme on construction of individual houses on standard projects in rural areas till repayment of mortgage loans.

According to the programme, Uzbekistan will construct 10,000 houses at 353 blocks with total area of 997.1 hectares.

At the same time, it is planned to build 8,510 houses due to loan of the Asian Development Bank and 1,490 houses due to soft mortgage loans and targeted loans of Finance Ministry.

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