Vacant Lands financial definition of Vacant Lands
vacant land (redirected from Vacant Lands)
with no houses, offices or other permanent structures. Vacant land may be available for development, or it may be set aside by a government or a private owner to remain vacant.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Land not being used at the present time but that may have utilities and infrastructure in place. Contrast with raw land.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive
Writer Essam Al-Zamil, who appears in the film, called for imposing Zakat or tax on vacant lands
to bring their prices down to normal levels.
The imposition of fees on vacant lands
is a major initiative that should come within a wider range of economic reforms, the economic expert said.
The Tax Law on Vacant Lands
will commence in force after it has been published in the official gazette of the Kingdom (which is expected to occur in June 2016).
The vacant lands
programme aims to increase the supply of land, and reach a balance between supply and demand, in addition to overcoming the lack of data and information on land in the Kingdom.