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PM touts exemption for land bequests


geovalin

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The government has announced its intention to scrap a 4 per cent fee levied on the transfer of property when the transfer is being made as an inheritance.

According to a letter signed by Prime Minister Hun Sen and posted on his Facebook page yesterday, abolishing the tax is in the best interests of land owners seeking to pass on their inheritance to their children or grandchildren.

“The law’s suspension is to solve problems for people so that they do not need to be concerned and do not have to pay for the inheritance transfer from one family member to another anymore,” read a post on his page.

read more: http://www.phnompenhpost.com/national/pm-touts-exemption-land-bequests

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