capital gains tax on properties sold within a year of purchase - probably ???

[Roshan]

Flipping might be expensive if this proposal comes in.

http://www.business24-7.ae/Articles/...171371905.aspx

[mpat]

I think that move wil be good in terms of keeping speculators away and keeping things tidy. I know many people who buy today and start selling tomorrow by putting 200k on it. that s looting, I think so. That keeps prices going up and fill the bubble also,
this is my ideology.sorry if it hurts.

[georgihh]

Originally Posted by mpat

I think that move wil be good in terms of keeping speculators away and keeping things tidy. I know many people who buy today and start selling tomorrow by putting 200k on it. that s looting, I think so. That keeps prices going up and fill the bubble also,
this is my ideology.sorry if it hurts.

Some kind of taxes will be implemented.
Don’t know yet what is going to be but taxes will come.
We don’t know how the government thinks actually We don’t know what they want.
So anything is possible from implementing taxes to not registering the land.
Very soon we will have an answer.
One wrong step and the capital could go to Oman, Qatar or even Iran (if thinks improve)
I don’t want this to happen as I have invested heavily in the local market.
With all the restrictions they started such as visa issues, business activities, additional charges the market is very shaky