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Tax Clearance Now Compulsory For Housing Transactions In Lagos. The Lagos State Government has mandated tax clearance for all housing transactions.
To stop fraud and protect allottees, the Sanwo-Olu-led administration has made tax clearance compulsory for housing transactions.
According to the Permanent Secretary of the Ministry of Housing, Abdulhafis Toriola, in a statement recently issued by the Chief Public Affairs Officer of the ministry, Adesile Rufai, the new requirements would prevent fraud in transferring home ownership and safeguard people who may no longer have their homeownership documents.
Tax Clearance Now Compulsory For Housing Transactions In Lagos: Government’s Rationale
Toriola mentioned that the new rule is that all applications that have to do with the transfer of homeownership are to be accompanied with proof of home ownership, a search conduct result, and an acceptable means of identification in cases of loss of homeownership documents.
All of these are to be submitted to the Office of the Permanent Secretary, Ministry of Housing.
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According to him, the goal is to determine the authenticity of claims of ownership by applicants for proper transfer, which has become necessary due to the rise in incidents of false claims exposed by the ministry.
The permanent secretary, however, revealed that from now on, homeowners applying for replacement of lost documents must attach their national identification card, police report and loss of document in the national newspaper to the application for processing and verification of ownership.
Every application that has to do with housing transactions in Lagos are to be accompanied by evidence of a valid tax clearance certificate of the applicant, including applicants serving in the public or civil service, for the application of a home unit, a change of ownership, or a loss of home ownership document.
He mentioned that every housing construction and the provision of infrastructure facilities in the state were financed by money from taxpayers, adding that to benefit from these projects, one must have proof of personal income tax.
He concluded by urging citizens to take full advantage of the opportunities presented by the State Government in prioritising the finishing of all ongoing housing projects to lessen the housing deficit in Lagos, and Nigeria at large.
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