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Tuesday, 22 November 2011 15:17

Fair Balance

When the construction industry blooms, every other sector follows suit, runs the old economic saying. Operators in this sector can rub their hands in the light of budgetary measures announced on November 4. The Capital Gains Tax on real estate transactions has been abolished while the Land Transfer Tax has been removed in some cases, including the construction and sale of apartments not exceeding Rs 2.5 million a unit.
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