Claim real estate tax exemptions Nigeria 2025 to save 20-30% in a $2.61 trillion market, where Lagos properties (61.6% demand) face 2-5% taxes on ₦260M flats. With FG’s new incentives, exemptions for affordable housing (under ₦50M) are trending.
Why Claim Real Estate Tax Exemptions Nigeria 2025 Is Trending
With 73% fraud concerns and 46.2% rental demand, exemptions boost ROI in high-demand areas like Lekki (39.1%). Nairametrics reports a 15% rise in exemption claims in 2025, supported by FG’s fraud portal.
See our finance & tax category for more.
Top Real Estate Tax Exemptions Nigeria 2025
- Affordable Housing Exemptions 7.5% VAT exemptions for homes under ₦50M. Tip: Apply via LIRS for Lagos projects.
- Primary Residence Exemption Tax relief on owner-occupied homes. Why It’s Trending: Saves 5-7% on ₦50M investments.
- Eco-Upgrade Exemptions Deduct 20% on sustainable upgrades like solar. External link: Nairametrics’ Tax Report – Dofollow for details.
How to Claim Real Estate Tax Exemptions Nigeria 2025
- Gather Documentation: Receipts for upgrades (e.g., ₦100K solar).
- File with FIRS/LIRS: Submit via e-filing for Lagos/Abuja.
- Consult Experts: Budget ₦50K for tax advisors. External link: BusinessDay’s Tax Guide – Dofollow for insights.
Final Thoughts: Claim Real Estate Tax Exemptions Nigeria 2025
These exemptions save 20-30% in a $2.61T market. Use them to maximize ROI in high-demand areas like Lagos.
Disclaimer: This information is for general purposes only and not legal advice. Consult a qualified real estate lawyer for guidance.
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