Capital gains tax on disposal of personal-effect chattels:
AAlways 10%
BExempt for ≤ ₦1,000 per item; otherwise 10%CORRECT
CNot applicable
DAlways 30%
CITNPersonal Taxation
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Why the answer is B, and why the others tempt you.
Under CGTA, chattels disposed for ₦1,000 or less per item are exempt; otherwise CGT applies at 10%.
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