The rate of capital gains tax in Nigeria is:
A5%
B10%CORRECT
C20%
D30%
ICANTaxationCapital Gains Tax2021
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Why the answer is B, and why the others tempt you.
Capital gains tax is charged at 10% on chargeable gains arising from the disposal of chargeable assets, computed after deducting allowable incidental costs of acquisition and disposal.
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