Article 30 - Real Estate Supplies Exempt from Tax^[38]

Subject to the other express provisions of these Regulations, the following Supplies shall exempt from VAT:^[39]

1. The Supply of real estate, whether commercial, residential or agricultural real estate or developed or undeveloped bare land, through a transfer of ownership or transfer of the right to dispose of the same as an owner;

2. The Supply of residential real estate through lease or license.

For the purposes of this Article, Residential Real Estate means a permanent dwelling designed for human occupation, including:

1. immovable property used or intended to be used as a home, such as houses, flats and apartments,

2. other Real Estate intended as a Person's primary residence, including residential accommodation for students or school pupils.

Notwithstanding the first and second Paragraphs of this Article, any hotels, inns, guest houses, motels, serviced accommodation or any other building that is designed to offer temporary accommodation to visitors or travelers are not considered as Residential Real Estate.

Residential Real Estate includes the boundaries legally assigned to the property, including gardens, garages or any other feature that is considered a permanent part of the property.