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Asset Disposal

Capital Gains Tax Calculator

Calculate the 10% CGT on gains from selling assets including property, shares, and business assets.

Asset Details

Calculate CGT

Enter your asset sale details to calculate capital gains tax.

Nigeria Capital Gains Tax (CGT) Guide

Capital Gains Tax is levied at 10% on gains from the disposal of assets in Nigeria. The gain is calculated as the difference between the sale price and the allowable deductions (acquisition cost, improvements, and selling expenses).

CGT Exemptions (Finance Act 2025)

  • Personal Chattels: Exempt if sold for ₦5 million or less
  • Small Share Disposals: Exempt if proceeds < ₦150m and gains < ₦10m
  • Compensation: Gains from government compensation may be exempt up to ₦50m
  • Principal Residence: May qualify for rollover relief if reinvested

Allowable Deductions

  • Original acquisition cost (purchase price)
  • Cost of improvements to the asset
  • Expenses incurred in selling (legal fees, agent commissions)
  • Inflation indexation (where applicable)

Learn more: PAYE Calculator,CIT Calculator

Frequently Asked Questions

The CGT rate is 10% on capital gains from the disposal of assets. This applies to individuals, companies, and other entities.
Capital Gain = Sale Price - (Acquisition Cost + Improvement Costs + Selling Expenses). The 10% tax is applied to this gain.
Yes, but small disposals are exempt. If sale proceeds are below ₦150m AND gains are below ₦10m, CGT may not apply.
Yes, property sales are generally subject to CGT. However, principal residence relief may apply if proceeds are reinvested in a new home.
CGT is due within 30 days of the disposal of the asset. Payment should be made to NRS (formerly FIRS).
Disclaimer:This calculator provides estimates. Consult the NRS (formerly FIRS) for official guidance.
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