When it comes to homeownership in Zambia, one of the key decisions to make is whether to buy an existing property or embark on the journey of building a new home. Although building is often the default route taken by most potential homeowners currently, both options have their advantages and considerations that you should carefully evaluate. Let’s explore some of the pros and cons of buying versus...
Are you a landlord in Zambia? Do you know your obligations when it comes to rental income tax? Rental income is subject to tax in Zambia, and landlords need to understand their tax obligations to avoid penalties and ensure compliance. In this guide, we'll cover everything you need to know about rental income tax in Zambia. Understanding Rental Income Tax in Zambia Rental income tax is a tax on the...
Earth Day is an annual event celebrated on April 22nd to raise awareness about environmental issues and encourage people to take action to protect the planet. The first Earth Day was celebrated in 1970, and since then, it has become a global movement with millions of people participating every year. The theme for Earth Day 2023 is "Restore Our Earth", which focuses on restoring the planet's ecosystems...
Types of Real Estate Investments in Zambia: Option 1, Bare Land If you're considering investing in real estate, you'll never go wrong with most investment choices. After all, the advantages of real estate investing far outweigh any disadvantages in the long run regardless of your choice of investment. Let us have a quick look at some of the types of real estate investments in Zambia that you might want...
Recently the Zambia Revenue Authority (ZRA), officially announced and clarified the applicable changes to tax on rental income following the adoption of the 2022 National Budget by Parliament in late December 2021. The announcement on the 12th of January by the ZRA was followed by a number of well-planned informational sessions including a Facebook Live presentation and a Zoom webinar among others. This short article is a summary of these comprehensive informational sessions to serve as a short guide...
In the world of insurance, home insurance policies are often one of the most comprehensive ones. Typically, a home insurance policy will provide all-round protection which covers you, your house, your family members and also any liability which may arise. The case may not be so with other types of policies like auto insurance policies which only cover third party liability and damages relating to...
Property insurance is an insurance product that provides coverage for a building structure(s) and its contents against natural or manmade calamities. The coverage provided by the property insurance is not fixed and often varies depending on the type of insurance taken and the needs of the consumer. To begin with, property insurance is essentially designed to cover private homes and their contents. Premium...
Medici Land Governance (MLG), a subsidiary of Overstock, has inked a deal with the Zambian government as part of an ambitious land titling project within the African nation. According to a press release shared with CoinDesk on Friday, Medici has signed a seven-year contract with the Ministry of Lands and Natural Resources of the Republic of Zambia. The project will see the initial issuance of 4 million...
Hot tips to get your property rent-ready for 2021 Get your property rent-ready for 2021 now. Getting the right tenant and keeping the right tenant takes some effort in maintaining your rental property. With a very competitive rental market in most mid to high-end markets, it is critical to keep your rental property in tip top condition if your property is to return top tenants. There are a few things...
How to Find Real Estate in Zambia in 2021 – Stay Safe! How does one find real estate in Zambia in a more efficient, time saving – safer way? Looking for real estate in Zambia can often be a somewhat frustrating process. With limited online data and trustworthy information on expected prices and standards, the process can easily turn frustrating. More especially if you do not use the right estate agent...