The Property Transfer Tax (Amendment) Act,2025

An Act to amend the Property Transfer Tax Act. [ 30th December, 2025
ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Property Transfer Tax
(Amendment) Act, 2025, and shall be read as one with the Property
Transfer Tax Act, in this Act referred to as the principal Act. (2) This Act shall come into operation on 1st January, 2026. 2. Section 5 of the principal Act is amended by the deletion of
subsection (2B) and the substitution therefor of the following:
(2B) Despite subsection (2A), where the Commissioner-
General is satisfied that a transfer of shares is made for the
purposes of a group reorganisation, the Commissioner-General
may determine a nil value for that transfer, except that this
subsection shall only apply where the company transferring
the shares and the company receiving the shares has been
part of the group of companies, which is subject of the group
reorganisation, for three years or more preceding the transfer. 3. Section 6 (1) of the principal Act is amended by the deletion
of paragraph (h) and the substitution therefor of the following:
Enactment
Property Transfer Tax (Amendment) [No. 21 of 2025 309
Short title
and commen-
cement
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h) and the substitution therefor of the following:
Enactment
Property Transfer Tax (Amendment) [No. 21 of 2025 309
Short title
and commen-
cement
Cap.

340
Amendment
of section 5
GOVERNMENT OF ZAMBIA
ACT
No. 21 of 2025
Date of Assent: 23rd December, 2025
Copies of this Statutory Instrument can be obtained from the Government Printer,
P.O. Box 30136, 10101, Lusaka, Price K4.00 each
Amendment
of section 6

(h) the surrender or forfeiture of shares for no consideration
where the Commissioner-General is satisfied that the
surrender or forfeiture is not intended to avoid property
transfer tax, except that a subsequent transfer to a
different person shall be liable to property transfer tax.
310 No. 21 of 2025] Property Transfer Tax (Amendment)