Real Estate
Property Transfer Tax (Land Registration Fee)
Recording the government transfer tax paid when registering a property in Jordan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Building / Land (Fixed Asset) | Asset (+) | 15,000.00 | - |
| Cash / Bank | Asset (-) | - | 15,000.00 |
💡 Accountant's Note
In Jordan, the land registration fee paid to the Lands & Survey Department is a capitalized acquisition cost, not an expense. It forms part of the property's total cost on the balance sheet.
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