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Fiji: Land Sales Amendment Act 2014:

Does anyone have any information on this new Land Sales Budget Amendment Bill that was just passed? The act stipulates that non-residents who purchase residential lots are required to build a dwelling within 2 years with a minimum cost of F$250,000.00. Failure to comply will incur penalties of 10% of their property value every 6 months. Does anyone in this forum have any insight to share on this topic?

 

Date Joined:

7/12/2016

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