Tax Exemption Rules ON COMPULSORY ACQUISITION

1.    Protection of fair procedure and due process

Rules must offer for proper accessible mechanisms, participatory planning and advance consultation for appeals. Also, rules on compulsory acquisition must limit the officials’ discretion. 

2.    Equivalent compensation

Candidates must get the compensation which should not less than the loss they may get from the compulsory acquisition of their houses for sale in Crete Greece. So, Laws must make sure that affected occupants, as well as owners, get the same pay, whether in alternative land or cash. Laws must set out consistent and fair valuation bases for getting it.

3.    Great governance

Companies which mandatorily attain the land must be accountable for the reliable faith implementation of regulations. Great governance decreases the misuse of opportunities as well as power for corruption.

Insufficient compensation paid to occupants and owners

Financial awards can be insufficient to enable folks to enjoy livelihoods after their land is acquired by the government. Folks can consider that they are not compensated for the loss of emotional, religious or cultural aspects of the homes for sale in Crete Greece.

The compulsory acquisition is not done so well, and then the issue can arise:

•    Weakened land markets

•    Delayed projects

•    Decreased investments in the economy

•    Reduced tenure security

•    Chances created for the abuse of power and corruption

If the compulsory acquisition is not done so well, then it can leave folks landless and homeless, with no way of earning for a living, without access to community support or necessary resources. On the other hand, in case, the compulsory acquisition for property for sale in Crete Greece is done so well, they leave people and communities in similar conditions as well as offering the advantages to society.