Tax impact on tenants is more psychological
![Vat on Tenants](https://www.armsmcgregor.com/wp-content/uploads/2018/07/VAT290718-830x460.jpg)
The year began with the implementation of a landmark policy by the UAE government — the introduction of value-added tax (VAT) at a rate of 5 per cent. Halfway through the year, it bears reviewing to see how VAT has affected the real estate sector. The answer to that is — marginally. The issue of…