It is an indirect tax levied at a rate of 5% on the value of the property being sold or transferred ownership, regardless of its condition or form. This tax includes both land and what is being built or constructed on it. The tax is paid before or during the completion of legal procedures related to the property such as real estate discharge or notarization of contracts. This tax was imposed on 14/2/1442 AH corresponding to October 4, 2020 and is calculated at 5% of the value of the property when it is sold. If the disposition of the same property is repeated (for example, if the property is sold more than once), then each separate sale is taxed at 5% of the value of each individual disposition. It is not required that the disposition be legally notarized for the imposition of tax. The most important is that the disposition actually took place and led to the transfer of the right from one person to another.