Property Taxes

Property taxes: What can buyers expect to pay in property taxes in specific neighborhoods? The rate of tax applicable on the transfer of Land, Intellectual property, or Shares is 5% and 10% for a Mining right. Note: The PTT on land, shares and mining rights is paid by the seller.

Returning to Zambia or new resident?

Jan 16, 2025 in Market Trends , Real Estate Investing , Neighborhood Guides , Property Taxes , Local area events

Returning to Zambia or new resident? Things you should know! Who is a New/Returning Resident? Any person (including a citizen of Zambia) who arrives in or returns to, Zambia to take up or resume employment or residence.

New Property Transfer Tax Rates in Effect

Jan 03, 2025 in Buying a Home , Selling a Home , Market Trends , Neighborhood Guides , Local housing trends , Property Taxes , Local area events

402

New Property Transfer Tax Rates in Effect: Here’s What You Need to Know! Attention all property owners and investors: as of today, the newly enacted Property Transfer Tax Act No. 27 of 2024 is officially in force. This means updated tax rates now apply to transactions involving land, houses, mining...