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flat rate duty meaning Post Review

STAMP DUTY: What Consumers Need to KnowPlease, check out the slide below for answers to your questions about stamp duty. Cc:@NigeriaGov @cenbank

Doesn't this directive somehow cancel out the reduction in funds transfer fees? Meaning a 10k transaction will cost N25.00 plus VAT and then stamp duty? How is this better than the previous flat rate of N52.50??

There is a strong case to cut stamp duty if your aim is keep house prices going up. Buyers can afford what buyers can afford, if they need less for stamp duty they can afford to bid more the property. Simples

Stamp duty inhibits sales. Disincentises some from moving up the ladder (or downsizing) meaning the housing stock we do have is not used efficiently. I would scrap it and replace it with an annual flat rate tax on property value.