Sierra Leone Property Tax Guide 2026
Property taxation in Sierra Leone involves stamp duty on property transfers and capital gains tax on property disposals. There is no separate annual wealth tax on property. The National Revenue Authority and the Ministry of Lands oversee property transactions. Buyers should conduct thorough due diligence on land titles before acquisition.
Overview — Property Taxation in Sierra Leone
Property taxation in Sierra Leone is administered by the National Revenue Authority (NRA) and the Ministry of Lands, Housing and Country Planning. Taxes include stamp duty on property transfers and capital gains tax on disposals of chargeable assets. The land registration system is managed by the Ministry of Lands. Buyers should conduct land title searches at the relevant land registry to verify ownership and encumbrances.
Stamp Duty
Stamp duty is payable on property transfers and is calculated on the consideration or market value of the property, whichever is higher. The rates are set by the Stamp Duty Act. Stamp duty is paid to the NRA at the time of registration. The instrument of transfer must be stamped within a specified period of execution. Late stamping attracts penalties.
Registration Fees & Other Costs
In addition to stamp duty, property buyers must pay registration fees to the Ministry of Lands:
- Registration fee — percentage of property value
- Search fee — for land title searches
- Survey & plot plan fees — depending on complexity
- Legal fees — typically a percentage of property value
Total transaction costs for buying property in Sierra Leone should be factored into the purchase decision.
CGT on Property
Gains from property disposal are subject to CGT as part of the taxpayer's total income. The principal private residence exemption applies to the main home. Investment properties and second homes are fully chargeable. The gain is calculated as disposal proceeds minus acquisition cost and allowable enhancement expenditure.
FAQs
Do I pay property tax if I own a house but live abroad?
Stamp duty applies on acquisition and CGT applies on disposal regardless of the owner's residency. Non-resident owners should appoint a local agent to handle property matters.
Are there tax incentives for property developers?
Sierra Leone offers some incentives for real estate development, including accelerated capital allowances for qualifying housing projects.
Disclaimer
This guide provides general information about Sierra Leone property tax for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Sierra Leone property lawyer or tax advisor for advice specific to your situation. InvestmentKit does not provide tax advice.