Truths, half-truths of new capital gains tax regime
The new regime, which will start on January 1 2026, is rumoured to have raised the CGT from 10 percent to 30 percent unless the proceeds are reinvested in other listed or unlisted domestic equities.
Several stakeholders, including those in the capital market, have consequently expressed concern that the rumoured increase will put the nation’s stocks at risk and disincentivise foreign investment.
However, Taiwo Oyedele, c
The Nigerian government recently unveiled a new capital gains tax (CGT) aimed at making the system more progressive.
The new regime, which will start on January 1 2026, is rumoured to have raised the CGT from 10 percent to 30 percent unless the proceeds are reinvested in other listed or unlisted domestic equities.
Several stakeholders, including those in the capital market, have consequently expressed concern that the rumoured increase will put the nation’s stocks at risk and disincentivise foreign investment.
However, Taiwo Oyedele, c