Learn about VAT Tax on Rent in Nigeria

Learn about VAT Tax on Rent in Nigeria

VAT Tax on Rent in Nigeria The Tax Appeal Tribunal (TAT or the Tribunal), on 10 September 2020, in the case between Essay Holdings Limited (Essay or the Company) and the Federal Inland Revenue Service (FIRS), ruled that rent is not subject to Value Added Tax (VAT). Prior to the amendment of the VAT Act by the Finance Act 2019, supply of goods was defined as "any transaction where the whole property in...

Best Neighbourhoods with Schools in Lagos 2021

Best Neighbourhoods with Schools in Lagos 2021

Some things are common in top neighborhoods in Lagos- they are classy, safe, and offer a wide range of facilities that make them a prime target for Nigerians and ex-pats looking to move to Lagos. As incomplete as a plane without wings, a neighborhood without good schools is. Maybe this explains why Lagos' top neighborhoods are also renowned for having some of the city's best schools. Let's take a look at...

landlord tenancy rules

Guide for landlords on renting rules and regulations

Are you dreaming about being a landlord or are you already one? Sean Skelton, GSC Grays, Stokesley, lettings manager, gives the advice to help bring all landlords up to date with lettings regulations. 1. Deposits must be placed in a Tenancy Deposit Scheme Any deposit funds must be deposited within 30 working days of the start of a tenancy or acceptance of the deposit in one of the three designated...

Rent an apartment in Nigeria

Important Things To Look Out For before Paying Rent in Nigeria

Finding an affordable property to rent/lease in Nigeria can be a real nightmare. Often, maybe for months, the burden of testing one property after another starts to culminate in despair, an eagerness to grab the first one that fits our standards. We are always in such a rush to get in when we finally spot an acceptable one, that we do not take time to read and thoroughly appreciate the terms and...

apartments in Nigeria

Difference Between a Mini-Flat and Self Contained apartment

Apartments in Nigeria: Mini-Flat and Self Contained apartment There seem to be some misunderstanding as to what precisely a "self-contained" apartment and a "mini flat" is. The purpose of this essay is to clarify the ambiguity surrounding the aforementioned notions. A self-contained apartment or room is a single room that has all the facilities such as toilet, bathrooms, and most probably a kitchen en-...

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