Nigeria

Capital Gains Taxes (%) - Nigeria Compared to Continent

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South Africa	40.00%
Reunion Is.	33.30%
Uganda	30.00%
Botswana	25.00%
Cape Verde	20.00%
Tanzania	20.00%
Senegal	15.00%
Ghana	10.00%
Nigeria	10.00%
Kenya	0.00%
Mauritius	0.00%
Namibia	0.00%
Seychelles	0.00%

 

 

Nigeria: Capital gains taxes (%).

In arriving at effective capital gains tax rates, the Global Property Guide makes the following assumptions:

• The property is directly and jointly owned by husband and wife;
• They have owned it for 10 years;
• It is their only source of capital gains in the country
• It has appreciated in value by 100% over the 10 years to sale
• The property was worth US$250,000 or 250,000 at purchase.
• It is not their sole or principal residence.

These assumptions are critical. In many countries a holding period of less than 5 years results in capital gains being taxable. But a longer holding period often results in no capital gains tax being payable. For more details see the Data FAQ

Source: Global Property Guide Research, Contributing Accounting Firms

 

Nigeria does not publish house price statistics. General economics statistics are from the Central Bank of Nigeria.