Enforce property tax-Estate surveyors urges FG

   Mr Livingstone Iyanda ,A real estate surveyor and valuer has urged the Federal Government to partner with the Institution of Estate Surveyors and Valuers to enforce property tax in Nigeria.He  told the News Agency of Nigeria (NAN) in Abuja on Monday that a partnership of that kind could make real estate taxation a major source of revenue for the government.

According to him, real estate surveyors have the capacity to properly assess the value of property and ensure effective management of land resource.“The estate surveyor and valuer is the only key professional in Nigeria, who can ensure the change and enhance the prosperity of our people through property taxation and effective management of land resource in the country.

“Government is to partner with the Ministry of Justice to call all the relevant justice locations in the country – from the National Assembly (to) each State House of Assembly’s Committee on Judiciary, the local governments, and those that are responsible for tax collection – (to) come together, under the auspices of the Ministry of Justice in collaboration with the Nigerian Institution of Estate Surveyors and Valuers, to fashion out a more modern way of accessing, collecting and applying proceeds from real estate taxation.’’
Iyanda advised the government to impose tax on luxury possessions in order to bridge the gap between the rich and poor.

Source : NAN