Tax Considerations
General information about tax treatment for real estate investors in Ghana. This is not personal tax advice.
Important: This page provides general information only and does not constitute personal tax advice. Tax obligations vary by individual circumstances, residency status, and income level. Always consult a licensed tax adviser or the Ghana Revenue Authority (GRA) for guidance specific to your situation.
Dividend Income Tax
Dividends received from real estate investments are generally classified as investment income under Ghanaian tax law.
Resident Investors
Rental income and dividends from real estate are subject to income tax. The applicable rate depends on your total annual income bracket under the graduated income tax scale.
Non-Resident Investors
Non-residents may be subject to withholding tax on Ghanaian-source income at a rate specified in the Income Tax Act or a relevant tax treaty between Ghana and the investor's country of residence.
Dividends are currently credited to your wallet gross (i.e., without withholding). You are responsible for declaring this income to the GRA as required.
Capital Gains Tax
When you sell a holding on the secondary market, any profit above your original purchase price may be subject to capital gains tax.
- Under the Income Tax Act of Ghana, gains from the disposal of property (including fractional property interests) may be taxable.
- The tax base is generally the difference between the disposal price and the original cost (including any allowable expenses).
- If you sell at a loss, there may be rules regarding the treatment of that loss - consult a tax adviser.
- Secondary market transactions are recorded in your Transaction History to help you calculate gains or losses.