The state government a few hours ago, announced that it has resolved to reduce the land use fee after so many pressure arising from the publics and stakeholders.
The reviewed land fee has it that payment of LUC can be done installmentally claiming it would relieve house owners the burden of paying the amount once.
The state government announced 50% discount for commercial property owners while private property owners and ones used for industrial activities were given 25% increase.
“Commercial Property Owner, who are undoubtedly the stakeholders mostly impacted by this amended Law will be granted 50% discount. This means a commercial property valued at N20M which was earlier billed N91,200.00 will now pay N45,600.00 per annum.”
“Property Occupied by Owner and Third Party & Property Used for Industrial and Manufacturing Purposes: These categories of property will enjoy 25% discount. This means that a N20Million property expected to pay N30,720 will now pay N23,040 per annum.”
Also, property occupied by owners were given 15% discount off the reviewed land use fee. This category of property will enjoy 15% discount. For a N20 Million property, this used to be N9,120 now, it is N7,752 per annum.
The state government added that other rates and reliefs remain unchanged & will be implemented as stipulated by Law. These include 40% general relief, 10% for 70 years and above, 105 for properties owned by persons living with disability and 10% for properties that are 25yrs
It also revealed that penalty for late payment has been waived and those who have paid the fee allocated to them would enjoy tax credits.
“The penalty regime for late payment of LUC has been waived completely. Therefore, LUC payers who have received their bills will no longer be penalized for late payment of bills issued in 2018, thereby providing additional relief to LUC payers.” The state government expressed.
From sahara reporters.
*So what of those that have paid already?
Stellakoko _Their next year demand notice will indicate in the balance brought forward from previous years a minus and the amount land use charge is owing them. Then the current LUC will be deducted from it. Thank God it was reduced. The complaints were just too much.
ReplyDeleteExactly. That is if anybody has paid sha because they just started sharing the demand notice.
DeleteIf we can be united like this in other pressing matters of national concern, we might get things done.
ReplyDeleteSee this Lag own for example, pple who were not even directly affected by the policy follow carry am for head, alongside the state residents.
We should learn to be united against bad policies of governments!
*Ghanaman signing out*
There's no Lagosian that was not affected by this bill unless the person is living under the bridge; because even if you don't have any property & your landlord gets served, believe you me that your house rent will definitely reflect that charge. That is why everyone provoked.
DeletePeople began to see visions of increase in house rent/office space/shop rent even school fees sef !
Stella I'm sure nobody has paid anything. I saw one issued to a building at omole estate and I wept for the owner. Almost 4.5 million charge and if he didn't pay by August the 200% penalty charge pushes it to almost 9 million! Fear grip me oh!
ReplyDeleteTo think my sister and I were all out for the proposed rally against this useless draconian charge. It's like Ambode wants to financially ruin everyone in this lagos. Thank God for the uproar against the charge. God willing it will be reversed to what it was before. Nwoke uchu!
#To know your own mind and how it works, is the ultimate wisdom. You can apply it to everything you do*
ReplyDeleteHmmmmmmm
ReplyDeleteI wonder why Ambode is doing all these? Its not just fair on the populace at all. From 'Cleaner Lagos' now to this. Thank God he reduced it
ReplyDeleteThe will of the people must always prevail. The people installed the government to be the people's servants and not their master. That is what democracy is all about. We thank God that democracy prevailed at the end of the day.
ReplyDeleteThey should sha not carry this rubbish and come to my house. Everything from nepa pole down to road, we are doing by ourselves cos govt cares nothing about us. You now want me to dash u my hard earned money???
ReplyDeleteUseless people