A sliding scale is introduced, depending on the length of time the property has been owned. By way of example, if the owner has owned the property for less than a year, the maximum rate is 30%; if the period of ownership is more than 24 years, the rate is 7%, which is the minimum.
Unless there are any errors, omissions or changes in the legislation in force.
If the owner has owned the property for less than a year, the maximum rate is 30%; if the period of ownership is more than 24 years, the rate is 7%, which is the minimum.
If the owner has owned the property for less than a year, the maximum rate is 30%; if the period of ownership is more than 24 years, the rate is 7%, which is the minimum.
If there are any errors, omissions or changes in the legislation in force, the rate is 7%, which is the minimum.