Wednesday February 06 2018/ 09;23AM/Deloitte
The Lagos State House of Assembly, on Monday, 29 January 2018, passed the Land Use Charge Law, 2018 (LUCL). LUCL, with the Governor’s assent, will replace the extant Land Use Charge Law, No. 11 of 2001.
LUCL applies to real and landed property in Lagos State, and seeks to consolidate all property and land based rates/charges into a single property charge. The Law sets the modalities for levying and collection of land use charge in Lagos State.
Highlights of the LUCL are provided below:
· Each local government area in the State will be the collecting authority for land use charge. Such local government will be the only body empowered to levy and collect the land use charge areas within its jurisdiction.
· Land use charge is payable on all property except those exempted under Section 12 of the LUCL. The exemptions include: