Arabian Property  FREEPHONE UK:0800 856 3005FREEPHONE EIRE:1 800 805 430DIRECT SPAIN:0034 952 765 993 Taxation System: An Overview for Abu Dhabi Property Investors  Due to the gigantic reserves of oil that Abu Dhabi sits on, the emirate is basically a 'no tax' zone: no property tax, no capital gains tax. Those who buy property in Abu Dhabi with a view to generate rental income will be pleased to discover that all residential Abu Dhabi properties incur no rental tax. However, there are registration fees of 1% for leases and 2% for sales. Commercially, the news is just as good, as neither income tax nor corporation taxes are levied and there are no restrictions on the repatriation of capital. Buying properties in Abu Dhabi, however, does not make you a resident; tourist visas are easily arranged and the best option initially. |
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