Diar 45L

The project at Beet El-Watan consists of ground floor,3 floors,2 units in the floor and a garage.The project has a modern frontage using weather changes resistant paints and made with natural stones,entrances covered with the most luxurious types of marble and granite.

Diar 45L
Last updated : 2023-10-03
Region : New Cairo
Project Status : Current Project


Insulation Insulation
Entrance Entrance
Elevator Elevator
Garage Garage
Aluminum isolation Aluminum isolation
Central Satellite Central Satellite
Conditioner Bracket Conditioner Bracket
Connection Feed & Drain Connection Feed & Drain
Storage Room Storage Room
Electronic gate Electronic gate
Visual Intercom Visual Intercom
CCTV System CCTV System
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16 May 2020

Real Estate Tax Law

Real Estate Tax Law
Real Estate Tax law:
It is an old tax law imposed by the egyptian government in 1954 law no. 56.This tax is applied on all real estates built on the land of Egypt except for non-taxable ones , it is paid by natural and legeal persons who own real estate and they have the right to use it or using it for a target.It also clarified the position of lands used in various activities like garages wheter they are rented , used for benefits to others or used by the original owner and it isn't effective when the land is unused.

Real Estate which are not subjected to the Real Estate Tax law:
  • Built real estates which have been allocated for public purpose.
  • Buildings which are allocated to religious rites or the teaching of religion.
  • Real estates which are built for public benefits.
  • Cemeteries.
  • Buildings which are under constructions.

Real Estates which are excluded from Real Estate Tax law:
  • Buildings which are owned by registered societies , labor organizations , headquarters of political parties , youth and sports centers , educational institutions , hospitals , clinics shelters and non-profit charities.
  • Real estate which is private and a main residence for the family and has an annual net rental value of less than 24000 LE.
  • Each unit in real estate used for commercial , industrial , dministrative and professional purpose with a net rental value of less than 1200 LE.
  • Real estate owned by foreign government agencies on the condition of reciprocity principle , if the tax is not the same in any of the foreign countries it is allowed for the minister to exempt the real estate owned by it from the tax after taking the opinion of the minister of foreign affairs.
  • Real estate allocated for use on social occasions without targeting profit like clubs , hotels of armed forces , medical centers , military clinics and real estates built in its region.

Tax rate:
The flat tax rate is 10% of the annual rental value after deduction of 30% of housing expenses , 32% of non-housing and deduction of both maintenance costs and expenses incurred by the taxpayer during the performance.

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