Incentive For Real Estate: No Adjustment To Be Made If The Circle Rate Value Does Not Exceed 5% Of The Consideration

Incentive For Real Estate: No Adjustment To Be Made If The Circle Rate Value Does Not Exceed 5% Of The Consideration https://www.taxtmi.com/news?id=19517 To reduce hardship from valuation disparities in immovable property taxation, the Budget proposes that no adjustment shall be made where the circle rate value does not exceed 5% of the consideration, preventing minor circle-rate differentials from generating additional taxable income for purchaser and seller. en-us Thu, 01 Feb 2018 15:44:03 +0530 Thu, 01 Feb 2018 15:44:03 +0530 TaxTMI RSS Generator Incentive For Real Estate: No Adjustment To Be Made If The Circle Rate Value Does Not Exceed 5% Of The Consideration https://www.taxtmi.com/news?id=19517 To reduce hardship from valuation disparities in immovable property taxation, the Budget proposes that no adjustment shall be made where the circle rate value does not exceed 5% of the consideration, preventing minor circle-rate differentials from generating additional taxable income for purchaser and seller. News - Thu, 01 Feb 2018 15:44:03 +0530 https://www.taxtmi.com/news?id=19517