Cabinet extends exemption measures, lowers registration fees of apartments, lands

AMMAN — The Cabinet on Wednesday decided to extend exemption measures, and lower the registration and purchase fees of apartments and lands until June 30, 2021.

Under the exemption decision, the first 150 square metres of apartments are exempted from registration and ownership transfer fees until the end of next June, regardless of the seller, the total area of the apartment or the number of apartments owned by each citizen.

The remaining area of the apartment will be subject to lower fees and taxes, which total 50 per cent of the rates stipulated in the law, with the exemption applies only to Jordanians.

The decision also lowered land sale fees by 50 per cent of the rate specified in the law, including transactions among relatives, partners and others, the Jordan news Agency, Petra, reported on Thursday.

The exemptions also include the fees related to ownership transfer and land subdivision.

The extension decision aims at stimulating real estate and housing market and enabling citizens to own “proper” residences.