Before you sell, it helps to know what the sale will cost you and what the buyer will pay. Costs in Lagos changed in 2026: a new national tax law changed how gains are taxed, and Lagos now calculates title fees on fair market value. Here is a plain-English overview for owners.
| Cost | Usually paid by | Notes |
|---|---|---|
| Agency or platform commission | Seller | On Propslisting: listing is free and our fee is 5%, only when the sale completes |
| Seller’s legal fees | Seller | For reviewing the contract and deed; agree the fee upfront |
| Tax on the gain | Seller | From 2026, individuals pay at personal income tax rates (up to 25%); companies pay company rates |
| Governor’s Consent, stamp duty and registration | Commonly the buyer | Calculated on fair market value in Lagos since May 2026; negotiable |
| Survey and charting | Commonly the buyer | Confirms the land is free of acquisition and setbacks |
| Outstanding Land Use Charge and service charge | Seller | Buyers will ask for up-to-date receipts |
Tax on your gain under the 2026 rules
From 1 January 2026, the Nigeria Tax Act 2025 replaced the old flat 10% capital gains tax for individuals. Gains are now added to your income and taxed at personal income tax rates, which rise to a top rate of 25%. Key points:
- The gain is broadly the sale price minus what you paid and allowable costs, such as improvements and the costs of buying and selling.
- The first ₦800,000 of an individual’s total annual income is tax-free.
- Your main home can qualify for exemption, including up to one acre of land around it, but this relief can be used only once in your lifetime.
- Companies are taxed under company tax rules.
Tax depends on your circumstances, so speak to a tax adviser before you agree a sale.
Title fees in Lagos since May 2026
Lagos now bases Governor’s Consent, stamp duty, registration and related charges on its 2026 fair market values. Reports put the increase at up to 300% in some prime areas. These are usually paid by the buyer, but in a slow market they become part of the negotiation, so agree who pays what before signing.
How to keep your costs down
- Use one trusted platform or agent and avoid paying several parties.
- Keep your Land Use Charge and service charge up to date.
- Gather your title documents early to avoid delays and repeat legal work.
- Keep records of what you paid and spent on the property, as these reduce your taxable gain.
List your property free on Propslisting
Listing is free, and our fee is a 5% commission paid only when your sale completes. Every listing is reviewed by our team, photos are optional, and owners who value discretion can choose a private, off-market listing that is never published online.
Frequently asked questions
How much does it cost to sell a property in Lagos?
The main seller costs are agency or platform commission, your legal fees and any tax on your gain. On Propslisting, listing is free and our fee is 5%, only on completion.
What is the capital gains tax rate in Nigeria in 2026?
For individuals, the old flat 10% was replaced from 1 January 2026. Gains are taxed at personal income tax rates, up to 25%. Companies are taxed under company rules.
Is the sale of my home exempt from tax?
Your main residence can be exempt, including up to one acre of land, but the exemption can be used only once in your lifetime.
Who pays Governor’s Consent fees in Lagos?
Commonly the buyer, but it is negotiable and should be agreed in writing.
