Experts in the real estate sector have stated that the tax reforms introduced by the Federal Government may change the dynamics of the real estate business. The experts disclosed this on Thursday in Lagos during the 10th AlphaCrux Real Estate Outlook Conference with the theme, ‘Amplifying resilience in the real estate industry in a disputed global economy’. Once the economy is moving in a positive direction, real estate will automatically also move in a positive direction,” Adama stated. The 1.5 per cent luxury tax refers specifically to a new annual luxury property tax on high-end residential real estate. The 1.5 per cent luxury property tax is just one element of the broader Nigeria Tax Act 2025, which also includes major changes to personal income tax, corporate tax, capital gains tax, minimum effective tax rates, and tax administration rules.

Source: Punch February 06, 2026 08:15 UTC