Legal & compliance
Understanding your tax obligations
3 min read
Rental income is taxable in Nigeria like any other income. A little bit of record-keeping now saves a much bigger headache later.
Keep a simple income record
Your Flatmates earnings page already logs every payout. Export it periodically so you have a clean record for the tax year.
Know your state's rules
Personal income tax on rental earnings is administered at the state level - rates and filing steps differ between Lagos, Abuja (FCT), and other states.
Talk to an accountant if you're managing multiple properties
Once you're past one or two units, the deductions available (repairs, agent fees, management costs) usually make professional advice worth the cost.
