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Overseas Property News
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Egypt property news: Country plans real estate taxes in 2010
Country: Egypt
13 August 2009 A new property tax for commercial and residential Property in Egypt will be introduced in January next year, according to an Al Arabiya TV report, quoting a senior official. Tarek Farag, head of Egypt's Real Estate Tax Authority, said that Egypt properties valued at 1 million Egyptian pounds (£109,000) will be taxed a small tax of just under 1%, while homes valued at £45,000 or less will be exempt from the tax. “The taxes will be paid in two installments; the first by June 30, and the second before the end of the year,” he told Al Arabiya television. The new tax system is part of a wider government's plan to reform the economy and modernize the taxation system, according to Finance Minister Youssef Boutros-Ghali as saying. Owners of homes in Egypt will be permitted to appeal taxes imposed against their properties within sixty days of the valuation and it will be revalued within 30 days, Farag added.
See Also: Egypt, Marc Da-Silva, Tax
Some properties in Egypt
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Price: £3,999
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Type: Apartment
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Bedrooms: 1
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Superbly Located within the beachfront and self-contained grounds of the Tropicana Sea Beach hotel complex, the NUBIA SHARM RESIDENCE has everything you could wish for: the privacy of your own apartment, the facilities of a 5* hotel, roundthe dock
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Price: €6,105
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Type: Studio
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Bedrooms: 1
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Following on from the phenomenally successful Tiba Towers 2 (one of Hurghada's fastest-selling development in 2010) and its sister development, Tiba Heights, comes the developer's latest and most luxurious project to date - Tiba Palace.220
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Price: £6,570
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Type: Apartment
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Bedrooms: 1
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Just Released Fantastic Value studios, 1-bed and 2-bed apartments in Hurghada. Unbeatable prices!
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Price: €6,913
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Type: Apartment
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Tiba Paradise is the sixth development in the incredibly successful Tiba series of projects in the fast-growing Al-Ahyaa area of Hurghada and is eagerly awaited by thosewho missed out on getting their perfect apartment when the developers last
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Price: £7,317
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Type: Apartment
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Bedrooms: 1
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We thought when we launched Tiba Towers 2 and Tiba Heights a short while ago that we had found the best value for money developments in Hurghada. But we were wrong. Isida beats them both.
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Price: £7,500
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Type: Apartment
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COMING SOON - The latest of the Tiba Developments. Tiba Resort is going to be the largest of the Tibas and beachfront. The development is set to be launched very shortly with a predicted completion date of March 2014.
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Price: £10,142
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Type: Studio
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Bedrooms: 1
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Tiba Garden is coming to be a fourth sister in 'TIBA'S' family of resorts development to continue the incredibly successful family which is located just a front of TIBA TOWER2 project.
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Price: $10,356
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Type: Studio
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Anyone who has looked through Hurghada's options for affordable, best value developments is sure to quickly come across the Tiba developments in El-Ahyaa - Tiba Towers 2, Tiba Heights, Tiba Palace and Tiba Garden.
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Price: £688,000 Bedrooms: 4 Bathrooms: 3 Beachfront: 15 mins from town centre, 800sqm furnished villa with ground floor terrace, aircon, pool.
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