The duty on transfer in succession of a freehold property is half the
fees on transfer by sale.
In transferring by sale the fees are 1 per cent. on the value, if this
freehold property is a real one (Emlaki Serfi); and 3 per cent. if it is
vacouf freehold property (Emlak Meocoofi). Besides this 3 piastres as
price of paper, and 1 piastre as clerks' fees (Riataki) are paid for
every new Kotshan.
The lands (Arazi) pay 5 per cent. indifferently on transfer by sale and
on transfer by succession.
The custom is to value lands at one year's rental, or value of products.
If a house is occupied by the owner no tax on rental is demanded; the
only tax demanded in that case being that on the proportionate value.
The proportionate values of real properties are not assessed for a fixed
period. Therefore the value, once assessed, can remain the same for many
years, or it can be altered in the annual inspections of the Vakouat
Riatibs according to an increase or decrease of value that may take
place on account of repairs, a general rise of value, or partial or
entire destruction by fire, rain, &c.
The poverty of the agricultural classes was so generally acknowledged
even by the Turkish administration that it was absolutely necessary to
relieve them by some external assistance; it was therefore resolved in
1869 to create an "Agricultural Bank and a Locust Fund;" the principles
of this establishment are sufficiently original to attract attention.
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