Capital Gains is chargeable at 10% on capital gains arising from disposal of assets. Section 3 of CGT Act defines Capital Assets as meaning all forms of property including:relevant local VAT office

– Options, debts and incorporeal property

– Any currency other than Nigerian Currency

– Any form of property created by the person disposing of it, or otherwise coming to be owned without being acquired.

Stocks and shares are exempted from Capital Gains Tax