REAL ESTATE – SECTOR GUIDE

A GUIDE TO TAXATION OF THE REAL ESTATE SECTOR

FY 2021-2022

AN OVERVIEW

Real estate is property made up of land and the buildings on it, as well as the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water, and any additional mineral deposits.

What are the main segments of the Real Estate sector?

  • Land

Land is the baseline for all types of real property. Land typically refers to undeveloped property and vacant land. Developers acquire land and combine it with other properties and rezone it so they can increase the value of the property.

  • Residential real estate

The residential sector focuses on the buying and selling of properties used as homes or for nonprofessional purposes. The residential real estate sector is comprised of single-family homes, apartments, condominiums, planned unit developments, and more.

  • Commercial real estate

The commercial sector consists of real estate used for business purposes; common types include shopping malls, retail, office spaces, hotels, or other spaces used for business purposes.

  • Industrial real estate

The industrial real estate segment is comprised of properties used for manufacturing and production, such as factories, plants, and warehouses.

How to formalize a Real Estate sector business/ company registration in Uganda?

The legal requirements for the incorporation / registration / formation of a company in Uganda are contained in the Companies Act, 2012.

REAL ESTATE – SECTOR GUIDE

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