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Nigeria: Inheritance

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Last Updated: Nov 20, 2006

Inheritance tax and law

Estate Tax

Estates are taxed as ordinary income and are subject to the progressive income tax rates (Nigeria Living There).

Gifts Tax

Property acquired as a gift is subject to capital gains tax at 10% of the market value of the property.

 

Nigeria - more data and information

Your Comments

posted by Yolande Halliwell | 2007-03-18

none, Hamilton,Ontriao, Canada

How much time (months)to settle the estate dose a person have when they come forward and present them self as Next of Kin in the Nigerian Bank

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