Decoding Corporate Tax Implications On UAE Real Estate Investors
The UAE’s strong economy, growing population, and strategic location make it a magnet for investors and businesses alike. The real estate sector is a major economic driver among the different sectors and industries contributing to the country’s economy. Let’s find out all about the corporate tax in UAE on real estate, its applicability and exemptions. Understanding The UAE Tax Regime and Its Implications on the Real Estate Sector Under the corporate tax system of the UAE, individuals or entities carrying out property business as a commercial enterprise will be taxed 9% of the total net profit in excess of AED 375,000. If individuals own real estate for investment, whether they are foreign or resident, and whether they own it directly or through a trust or foundation, it is usually not subject to corporate tax , as long as it is not owned by a corporate entity. When this kind of property is sold, the profit is subject to corporate tax if it is owned by...