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.
Record Keeping
Good record keeping makes tax filing easier and reduces audit risk. Retain records of:
- All investment amounts and dates (view in Portfolio)
- All dividend payments received (view in My Dividends)
- Secondary market sale prices and dates (view in Transaction History)
- Deposit confirmations and withdrawal receipts
Your full transaction history is available any time on the Platform. We recommend downloading or screenshotting your records at the end of each tax year.
Ghana Revenue Authority (GRA)
The GRA is Ghana's principal tax collection agency. Relevant GRA resources for investors include:
- Income Tax Act, 2015 (Act 896): The primary legislation governing taxation of income in Ghana, including investment income.
- Annual Income Tax Returns: Individuals with income from investments are generally required to file a return by the applicable deadline.
- Taxpayer Identification Number (TIN): Required for significant financial transactions. If you do not have a TIN, you can register at any GRA office.
Tax for Different Investor Types
Individual Investors
Dividend income is added to your other income and taxed at the applicable graduated rate. Keep annual dividend statements for self-assessment filing.
Business / Corporate Investors
If you invest through a company, corporate income tax rules apply. Investment income may need to be reported in the company's tax return.
Diaspora / International Investors
Ghanaian-source investment income is generally taxable in Ghana even for non-residents. You may also have disclosure obligations in your country of residence. Check whether a tax treaty between Ghana and your country applies to reduce double taxation.
Get professional advice
Tax law changes regularly. The information on this page reflects general understanding as of the last update date and may not reflect the current law. Consult a licensed Ghanaian tax adviser or accountant for personalised advice before making tax decisions based on your investment activity.