General Information
Built Property Tax is a tax imposed by Lebanese law on the total annual net revenues of buildings, regardless of the type of such buildings, their construction material, or their location.
Annual net revenues consist of everything received by the owner or investor, whether in cash or in the form of a benefit, as a result of occupying, leasing, or investing the building, after deducting the expenses borne by the owner or investor on behalf of the tenant and other expenses, known as deductible charges.
The annual net revenues of a building are determined as follows:
- According to annual lease contracts and their annexes, where they exist, and these are called actual revenues.
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Or according to the tax administration’s assessment, the rental value, in the following cases:
- Absence of a lease contract.
- Challenge by the competent administration to the accuracy of the rent stated in the contract.
- Occupation of the building by the owner, purchaser, or investor.
- Occupation by tolerance.
- Vacancy or other cases.
To obtain the Built Property Tax Guide: click here