Gains on the disposal of shares of a Nigerian company are chargeable to capital gains tax where the proceeds in any twelve consecutive months:
AExceed ₦10,000,000
BExceed ₦50,000,000
CExceed ₦100,000,000CORRECT
DShares are always exempt
ICANTaxationCapital Gains Tax2025
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Why the answer is C, and why the others tempt you.
The Finance Act 2021 brought share disposals into capital gains tax at 10% where aggregate proceeds exceed ₦100 million in any twelve consecutive months, with relief where proceeds are reinvested in shares of Nigerian companies.
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