July 2020
The Federal Inland Revenue Service (FIRS) has ordered all property owners and their agents to charge 6% Stamp Duty on all tenancy and lease agreements they enter into with all leasees and remit promptly to the Service. This was disclosed by the Director, Communications and Liason Department, FIRS, Mr Abdullahi Ahmad, in Abuja on Wednesday,…
Tenement Rate is a tax imposed on OCCUPIERS of DEVELOPED PROPERTIES within a locality by the Local Government Authority. In other words, it is a tax that the Local Government Authorities charge on properties that are developed and occupied within their respective domain. This means that Tenement Rate cannot be charged on undeveloped land and…
The Federal Capital Territory Administration (FCTA) has suspended the processing and issuance of building plan approvals for Lugbe and all on-going developments in the district. The Director, Department of Development Control, Mukhtar Galadima, made the disclosure in a statement issued to journalists on Sunday in Abuja. Mr Galadima explained that the suspension had become necessary…
Owning a home is a keystone of wealth… both financial affluence and emotional security.