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What is Allowable Expenses for Capital Gains Tax about?

This document contains sample computations of capital gain tax liability for various companies (A Limited to H Limited) based on the sale of assets. It also provides information on allowable and disallowable expenses under Nigerian tax law when computing capital gains tax. Specifically, it outlines that costs of acquisition, improvement costs, costs to establish or defend title, and incidental disposal costs are allowable deductions, while expenses deductible for income tax and insurance premiums are not al

Author

Akingbesote Victoria

Language

EN