Stamp Tax Relief for Borey and Condominium Purchases Extended Through 2026

March 3, 2026

On January 16, 2026, the Ministry of Economy and Finance (“MEF”) issued Notification No. 001 with the objective of continuing to alleviate the financial burden of citizens who have purchased residential properties from housing development companies in the form of boreys or co-owned buildings (condominiums), and to further support the stability and growth of the real estate sector. The notification extends the stamp duty exemptions and concessions on the transfer of ownership or possession of real estate (residential houses or co-owned buildings) until December 31, 2026, as follows:

• The MEF has extended through 2026 the stamp duty exemptions and concessions on the transfer of ownership or possession of real estate for first-time home buyers and first transfers of ownership under Notification No. 020 MEF dated December 31, 2024. Thus, individuals who purchase residential properties in the form of boreys or condominiums during the year 2026 will be entitled to the stamp duty exemptions and concessions as stipulated in the notification’s Point B of exemption from stamp duty for property valued at US$210,000 or below, and a deduction of US$210,000 from the stamp duty base for property valued at over US$210,000.
• The MEF has also extended through 2026 the stamp duty exemptions on the transfer of ownership or possession of real estate as stipulated in Point 1 of Notification No. 014 MEF dated October 9, 2024 on the continuation and additional tax incentives for the real estate sector. These apply to purchases or transfers of second or subsequent boreys or condominiums for which a deduction from the stamp duty base of US$70,000 applies.
• These stamp duty exemptions and concessions do not have retroactive effect on any taxes, including administrative penalties (additional taxes and interest), that have already been paid prior to the entry into force of this new notification.