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- May 17, 2025
- Building, Education, Land Banking, Real-estate
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The Lagos State Government, through the Lagos State Physical Planning Permit Authority (LASPPPA), has consistently emphasized that property owners, developers, and residents must obtain proper planning permits for all building projects in the state.
Here’s a summary of what the Lagos State government has said:- • Mandatory Requirement: Obtaining a planning permit is not optional but compulsory for all landowners, developers, and residents before commencing any construction activity, whether residential or commercial. This is…
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- April 18, 2025
- Building, Education, Entertainment, Land Banking, Real-estate
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INCOME TAX IN NIGERIA IN PROPERTY SECTORS.
Nigeria’s property sector involves several income-related taxes at both the federal and state levels. Here’s a breakdown of the key taxes:- 1. INCOME TAX: •Rental Income: Individuals and companies earning income from renting out properties are subject to income tax.…