Capital Gains Tax Act, 1967 🇳🇬

Nigeria Repealed: 2026-01-01

Repeal Notice

This legislation was repealed on 2026-01-01 by Nigeria Tax Act, 2025

Capital Gains Tax Act, 1967

Published in Official Gazette supplement 91 on 24 October 1967
Commenced on 1 April 1967
[This is the version of this document as it was at 31 December 2002 to 12 January 2020.]

[Repealed on 1 January 2026 by Nigeria Tax Act, 2025 (Act 7 of 2025)]

An Act to provide for the taxation of capital gains accruing on disposal of assets.

Capital Gains Tax – General

1. Taxation of capital gains

(1)Subject to the provisions of this Act there shall be charged a tax to be called capital gains tax for the year of assessment 1967-68 and for subsequent years of assessment in respect of any capital gains, that is to say, gains accruing to any person on or after 1 April 1967 on a disposal of assets.

(2)Every such gain shall, except so far as otherwise expressly provided, be a chargeable gain.

(3)In this Act, unless the context otherwise requires, any reference to a person shall include a reference to any person to whom section 2 of the Personal Income Tax Act applies.

2. Capital gains…

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