Q.
a) Land alienation premium is determined by the State Authority upon approval of land alienation to either individual or body. The calculation of premium depends on five (5) main factors. Using appropriate examples, explain the above factors. (10 marks)
b) Additional premium will be imposed if the State Authority approved a number of categories of application. Clarify the meaning of additional premium and explain the situations where additional premium is imposed. (15 marks)
(15 marks, 2013 Q5)
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