How will the rental income be estimated, and who will do it.
How will the local government even know about the property if it is not registered.
How will anyone know how the property cost to decide if it above the threshold for value (400,000 EGP).
Please note that the local tax authorities will send committees to each area to scan and estimate the properties, according to the prevalent prices in the said area. A sale / usufruct contract will be a good assisting factor in this endeavour, yet in the event the price in the sale/usufruct contract was significantly different than the prevalent prices in the area, the latter will apply. Same goes for estimating the rental value. Information on the property owners are sent regularly to the tax authorities by developers (already),and this is how they will locate the current and legitimate owner.
It is very important to mention that the aforementioned tax law is NOT EFFECTIVE yet, but subject to discussion and amendment. The information I am writing here are obtained directly from the tax authorities, while they -themselves- are waiting for any potential amendments to the abovementioned regulations, since this law is not yet in effect, and is not yet published in the official newspapers "Al Wakaea Al Mesreyya"; the official newspaper dedicated for publishing new laws, whereas laws cannot be effective without being published there beforehand as a constitutional rule.
Consequently all what we can do regarding this law at the moment is to wait, since it can be amended at any point.
When it is officially issued and published, an interpretive bill will be issued, elucidating the exact procedures utilized over the inspection and execution process.
Al the best,