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A tax on land will ultimately fall

Economics
JAMB 2013

A tax on land will ultimately fall

  • A. partly on agents and users
  • B. entirely on users
  • C. entirely on owners
  • D. partly on users and owners
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Correct Answer: Option C
Explanation

The seller is responsible for the maintenance of the property, any repairs and for paying property taxes and insurance, the same as any landlord. 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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