UAE REAL ESTATE TAX RULES EXPLAINED
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✍️ Tax advisory firm Dhruva welcomes a major UAE corporate tax update that allows 4% annual depreciation on investment properties held at fair value, effective January 1, 2025.
👉 New rule allows 4% annual depreciation on investment properties held at fair value 👉 Effective since January 1, 2025 👉 Supports real estate and capital-intensive sectors 👉 Boosts compliance, flexibility, and investor confidence 👉 Taxpayers must opt for the realisation basis of taxation to benefit 👉 Electing the realisation basis may impact the treatment of other fair-valued assets and unrealised gains or losses
-- #SandeepKumar #UAE #business
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