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Nominal transfer fees for property transfer to kin

Posted by bangladesh

Parliament on Tuesday passed a law providing for nominal registration fees for transfer of properties by the people of different religions to their kin.

'Registration (Amendment) Bill-2012', tabled by State Minister for Law Quamrul Islam on behalf of Law Minister Shafique Ahmed, was passed by voice vote.

Once the law is enforced, people of the Hindu, Buddhist and Christian communities can give their properties to their close relations at nominal registration fees as Muslims do.

The bill was initiated to amend the Registration Act-1908.

Qamrul said Muslims can transfer their immovable properties to their close relations at nominal fees. People of the Hindu, Buddhist and Christian communities have been demanding similar provisions for them too.

The Cabinet on May 21 approved the bill.

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