Article 24. Determination and payment of the redemption value of the privatized land plot

On the privatization of non-agricultural land plots (LRU-728-son) · Date: 15.11.2021 · In force

The redemption value of a privatized land plot, located at the subject of privatization on the right of permanent use (possession), lease or lifetime inheritable possession, is established by the Cabinet of Ministers of the Republic of Uzbekistan in multiples of the base rate of land tax from legal entities and individuals established for the relevant lands at the time of privatization.

When determining the amount of the redemption value of a privatized land plot, the Cabinet of Ministers of the Republic of Uzbekistan has the right to establish differentiated coefficients for certain categories of land plots, as well as subjects of privatization, including persons exempted from paying land tax.

Payment of the redemption value of the land plot to be privatized is carried out by the applicant within ten working days after receiving a notice with a positive decision.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6116222

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Cite as: Article 24. Determination and payment of the redemption value of the privatized land plot On the privatization of non-agricultural land plots (LRU-728-son). neolex.uz/en/laws/law-5729969/24 (lex.uz/docs/6116222)