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Virtual Training on Taxation of Properties in Nigeria - The Laws and Practice

By: Tom Associates Training  

Lagos State, Nigeria

10 - 12 May, 2021  3 days

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NGN 123,625

Venue: ONLINE

Other Dates

Venue Date Fee  
Online, Lagos State, Nigeria 14 - 16 Jul, 2021 NGN123625

Property taxes are untapped sources of revenue to the government which includes rent and transfer of properties. Efforts at deepening revenue effort in this direction will greatly enhance revenue generation of the governments and their abilities to perform their fiscal responsibilities.

Course Objectives

  1. To expose participants to the provisions of various property laws relating to taxation of properties.
  2. To assist participants identify sources of untapped revenue in Property Taxation.
  3. To expose participants to various court cases and the underlying principles of court decisions.

Course Contents

Day One

  • Constitutional Validity of Tax Laws.
  • Land Use Act.
  • Properties –Definitions and Types.
  • Recent developments in administration of property tax
  • Chargeable Assets and Properties
  • Laws relating to Property Taxation
    • Personal Income Tax
    • Companies Income Tax
    • Capital Gains Tax
    • Stamp Duty
    • Consent Fee
    • Inheritance and Gift Taxes.
    • Tenement Rates
    • Land Use Charge
    • Planning Rates
    • Withholding Tax.
  • Estates, Trusts and Settlements
  • Probate Process and Payments
  • Rental Income
  • Ground Rent.

Day Two

  • Property Validation
    • Impact of Validation on Property Tax
    • Assets and Properties situated outside Nigeria
    • Disposal of Assets and Properties
    • Computation of Capital Gains on Assets and Properties
    • Artificial or Fictitious transactions
    • Assets and Properties lost or destroyed
    • Transactions between connected persons
    • Replacement of Assets and Properties
    • Insurance Matters and Company’s Properties
    • Exemptions and Reliefs

Day Three

  • Property holding and Property Dealing Businesses
  • Taxation of Construction Businesses
  • Applicability of VAT on Property Transactions
  • Federal Capital Territory Tax Bill
  • Stamp Duty
  • Land Use Charge of Lagos State (as an illustration)
  • Prospects of Property Taxation in Nigeria
  • Challenges in Property Taxation
  • CASE LAWS.
ONLINE May 10 - 12 May, 2021
Online, Lagos State, Nigeria 14 - 16 Jul, 2021

Registration: 09:00:am - 02:30:am

NGN 123,625.00(VAT Inclusive)
(Convert Currency)

Mr Abiodun Toki 08033019120

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.

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