In addition to the construction benefits and additional construction powers, the law provides for the two following taxation benefits to which the residents are entitled:

  1.  A reduced rate of betterment levy.
  2. Exemption from betterment tax and sale tax in the sale of an asset the value of which increased following the realization of NOP 38.

It is important to check with experienced professionals which entitlement is available to the residents since handling taxation challenges in NOP 38 projects requires experience, familiarity and extensive knowledge. Further information about the additional rights – see in the law “Complementary Legislation to NOP 38“.