Jordan – Property Taxes

• Property tax in Jordan is based on the value of the property and is paid annually.
• The tax rate varies depending on the type of property, with residential properties generally having a lower tax rate than commercial properties.

Capital Gains Tax (CGT)

• CGT is imposed on the sale of property in Jordan and is calculated as a percentage of the sale price.
• The CGT rate for residential properties is 10%, while the rate for commercial properties is 20%.

Inheritance Tax

• Inheritance tax in Jordan is based on the value of the property and the relationship between the deceased and the heir.
• The tax rate can vary from 0% to 20%, depending on the circumstances.

Gift Tax

• Gift tax in Jordan is imposed on gifts of property and is calculated as a percentage of the value of the gift.
• The tax rate can vary from 0% to 20%, depending on the circumstances and the value of the gift.

Tax on Property Income

• Income earned from renting out property in Jordan is subject to income tax.
• The tax rate can vary depending on the type of property and the income earned.

Tax Advantages

• There are tax incentives available for buyers of newly constructed properties in Jordan, such as exemptions from property tax and CGT.
• Additionally, properties in certain designated areas may also be eligible for tax incentives.