Property deals boost as private firms allowed to do valuations

ukur (2)

Treasury secretary Ukur Yatani has, through a fresh subsidiary legislation, allowed chief government valuer to appoint private practitioners to conduct property valuation on behalf of the government. FILE PHOTO | NMG

Private valuers will now be allowed to process property deals for the purpose of stamp duty in a historic shift that will speed up transfer of land and buildings.

Treasury secretary Ukur Yatani has, through a fresh subsidiary legislation, allowed chief government valuer to appoint private practitioners to conduct property valuation on behalf of the government.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.