Tax regime proposed for absentee landlords

05 Oct 2018 10:10am
WINDHOEK, 05 OCT (NAMPA) – A group of delegates at the second National Land Conference has recommended that a tax regime be implemented to discourage multiple land ownership for absentee landlords.
The group deliberated on matters related to land taxation as an instrument for land reform, agricultural land prices, pricing and payment thereof; and laws related to immovable properties in Namibia.
Presenting the draft conference resolutions on land tax and valuation systems here on Thursday, former permanent secretary in the Ministry of Agriculture, Water and Forestry, Joseph Iita said consensus was reached to introduce rates for absentee landlords and for the unproductive use of land.
The group felt that the tax regime was not fully implemented to discourage multiple land ownership, thus tax measures had to be fully implemented, especially for absentee landlords and unproductive use of land.
Additionally, the group resolved that agricultural land prices are too high and unaffordable, and one of the interventions proposed is to prohibit the purchase of agricultural land by foreign nationals.
Government should also be involved in the expropriation option to fast-track land reform and provide commensurate budgetary provisions for land acquisition, Iita said.
The group further called for the regulation of agricultural land prices.
With regards to laws related to immovable properties in Namibia, the group felt that there was a lack of awareness of 46 laws related to immovable properties as such laws were either scattered, not harmonised or outdated.
He said the delegates recommended that awareness should be created and for such laws to be harmonised.
The group’s draft resolutions will be discussed and adopted on Friday. They will then be submitted to Cabinet and tabled in the National Assembly.
(NAMPA)
ANS/HP