Gambia Property Tax Guide 2026

Overview — Property Taxation in Gambia

Property taxation in Gambia is administered by the Gambia Revenue Authority (GRA) and local government authorities. Transaction taxes include stamp duty on transfers. Annual taxes include the property rate (rates) levied by local councils. The legal system requires property transfers to be registered with the Land Registry. Buyers should budget for total transaction costs of approximately 5–8% of the property value including stamp duty, legal fees, and registration costs.

Stamp Duty — 2–5%

Stamp duty (stamp tax) is the primary tax on property transfers in Gambia. The rate ranges from 2% to 5% of the higher of the purchase price or the official market value, depending on the property type and location. The duty is payable by the purchaser at the time of registration of the deed of transfer. The registration must occur within 30 days of the execution of the transfer deed. Late registration attracts penalties and interest. The duty applies to all transfers of immovable property including land, buildings, and apartments. Certain transfers may be exempt, including transfers between spouses and transfers on death.

Annual Property Tax — ~0.5%

Gambia imposes an annual property tax (rates) on built properties and land. The tax is levied by local government councils (KMC, BCC, area councils) and is based on the assessed value of the property. The annual rate is approximately 0.5% of the property value, though this varies by location and property type. Key features include:

• Assessment — based on the rateable value determined by the local council's valuation department
• Payment — annual payment to the local council
• Liability — payable by the owner regardless of occupancy
• Exemptions — certain properties may be exempt including religious buildings and public schools

Non-payment of rates can result in penalties and legal action including seizure of rental income.

CGT on Property

As covered in the capital gains guide, gains from property disposal are subject to CGT at 15% for individuals. The gain is calculated as the difference between the sale price and the acquisition cost (including transaction taxes and improvement costs). The principal residence exemption is available under certain conditions. Property held for more than 10 years may qualify for a phased reduction in the taxable gain.

FAQs

What are the total transaction costs for buying property in Gambia?

Buyers should budget for 5–8% of the purchase price including stamp duty (2–5%), legal fees (1–2%), and registration costs. Total costs are relatively low compared to many other jurisdictions.

Do non-residents pay the same property taxes?

Yes, non-residents are subject to the same property taxes as residents. There are no additional surcharges for foreign ownership. However, non-residents should appoint a local legal representative.

Are there tax incentives for new construction?

Gambia offers certain incentives for new construction and real estate development, including reduced stamp duty on first-time acquisitions and temporary exemptions from annual rates for newly constructed properties.

Disclaimer

This guide provides general information about Gambian property tax for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Gambian legal or tax advisor for advice specific to your situation. InvestmentKit does not provide tax advice.