Stamp Duty Calculator Nigeria

Calculate stamp duty on property transfers, tenancy agreements, insurance policies, receipts, and share transfers — all in Nigerian Naira.

Stamp Duty Details

Document Type

Transaction Value

₦

Stamp Duty

None (₦0)

Document Type

Property Transfer (>₦10M @ 1.5%)

Transaction Value

₦5,000,000

Stamp Duty

₦0 (exempt/nil)

Note: Properties valued at ₦10M or below: duty is nominal (₦1,000)

How to Use This Calculator

Select the document type from the dropdown and enter the transaction value. The correct stamp duty rate loads automatically and the duty is calculated instantly. The note below the result explains the applicable rate and any thresholds.

Stamp duty is a legal requirement — failure to pay means the document may not be admissible as evidence in court.

Nigerian Stamp Duty Rates

Document Type | Rate / Amount ───────────────────────────────────────────────── Property Transfer (>₦10M) | 1.5% of value Property Transfer (≤₦10M) | Nominal (₦1,000) Tenancy — up to 1 year | 0.25% of total rent Tenancy — 1 to 3 years | 0.5% of total rent Tenancy — 3 to 7 years | 1.5% of total rent Insurance Policy | 0.1% of sum insured Receipt / Bank Transfer >₦10K | ₦50 flat Share Transfer | 0.75% of value Administered by: FIRS (Federal) and State IRSs

Example

Scenario: Property Purchase

Nnamdi is buying a house in Abuja for ₦20,000,000. What stamp duty must he pay?

Property value₦20,000,000

Document typeProperty Transfer

Rate (value >₦10M)1.5%

Stamp duty = ₦20M × 1.5%₦300,000

Nnamdi pays ₦300,000 in stamp duty in addition to the purchase price, CGT (if applicable to the seller), and legal fees. Always budget for stamp duty when buying property in Nigeria.

Stamp Duty on Bank Transfers and Receipts

Since 2020, Nigeria introduced a flat ₦50 stamp duty on all electronic receipts and transfers above ₦10,000. This was introduced under the Finance Act 2020:

Applies to: bank transfers, electronic money transfers, and receipts above ₦10,000
Rate: Flat ₦50 regardless of transaction size
Collection: Deducted automatically by your bank
Exemptions: Transfers to your own accounts, government transactions, international transfers

This is why you see a ₦50 "Stamp Duty" line item on many bank transaction receipts.

FAQ

Stamp duty on property transfers is typically paid by the buyer, though this can be negotiated. The seller pays Capital Gains Tax on the profit. The stamp duty must be paid before the title documents (Deed of Assignment, Governor's Consent) are executed and registered at the Land Registry.

The Federal Stamp Duties Act sets the base rates, but State governments can administer stamp duty on documents executed within their jurisdiction. Rates and practice vary between FCT, Lagos, Rivers, and other states. Always confirm the exact rate with the relevant Land Registry or Stamp Duties Office.

Yes. Tenancy agreements are stampable documents in Nigeria. The rate depends on the tenancy duration: 0.25% for up to 1 year, 0.5% for 1–3 years, and 1.5% for 3–7 years. The total rent for the period (not monthly rent) is the base for calculation. In practice, many short-term residential leases are not stamped, but long-term commercial leases should always be.

An unstamped document is inadmissible as evidence in any court proceeding in Nigeria. You cannot rely on an unstamped tenancy agreement or deed of assignment if there is a dispute. You can usually "stamp" a document late by paying the duty plus a penalty — but it is always better to stamp at execution.