Section 15: Any transfer of immovable prop- The difference between the value of the
consolidated text (as at 2018). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15. Any transfer of immovable prop- The difference between the value of the
erty to a company holding a let- immovable property transferred and the
ter of approval for the implemen- value of the shares held by the transtation of a project under the Real feror in the company.
Estate Development Scheme
prescribed under the Economic
Development Board Act 2017
and the transferor holds shares
in the company the value of
which is less than the value of
the immovable property transferred.