Replacement real estate in Azerbaijan to be exempt from tax

Aysel Aslan
Author

Real estate provided in exchange for demolished property in Azerbaijan will be exempt from taxation, as outlined in a draft law amending the Tax Code included in the 2027 budget package, Report informs.

According to the document, residential and non-residential spaces provided to the former owners of demolished buildings within new constructions on the same site will no longer be considered taxable income.

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