General Information
Built Property Tax is a tax imposed by Lebanese law on the total net annual revenues of buildings, regardless of the type of these buildings or the material of their construction and wherever they are located.
The net annual revenues consist of everything the owner or investor receives 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 (called deductible charges).
The net annual revenues of the building are determined as follows:
- According to the annual lease contracts and their annexes, if any, and these are called actual revenues.
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Or according to the assessment of the tax administration (rental value) in the following cases:
- Absence of a lease contract
- The competent administration challenges the truthfulness of the rent amount stated in the contract
- Occupation of the building by the owner, buyer, or investor
- Occupation by tolerance
- Vacancy or other cases
To obtain the Built Property Tax guide: Click here