Investor Presentaiton

When will Capital Gains Tax Not Apply? • Where the gains relates to disposal of Nigerian government securities • Where the aggregate proceeds from the disposals is lower than N100 million in a 12 consecutive period. • Where the proceed from the disposal is re-invested in the shares of Nigerian companies within the same year of assessment. • Where shares are transferred between an approved Borrower and a Lender in a Securities Lending transaction ("SEC Lending Transaction") i.e. shares and securities transferred under SEC lending will continue to enjoy CGT exemption to boost liquidities of securities in the capital market. FEDERAL INLAND REVENUE FIRS

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