₦airaland Forum

ceelog:
One thing i have observed you in particular do is buy a stock once (with big sums i suppose) and not topup. That is mostly why your percents are historically high.
Correct?
If yes, why do you not top up as you get periodic investment funds?

megawealth01:
Just got this mail from MERISTEM. Regency is ready 😘

Although they made mistake with the year

SonofElElyonRet:
Mr Mega bucks .

Streetinvestor2:
Thr is no CGT when you sell and reinvest the proceed. I have listened to explanation on the tax law and read some of it too..When I sell I buy back.It does not need to go through bank.The going through bank is when T 3 abi T2 happens .When you have not pulled the money from your investment account. It cannot be viewed as profit made.And is what is obtainable abroad..This is one of the ways to escape paying tax.You just keep reinvesting

KarlTom:
According to ChatGPT,

Digital assets now taxable:
CGT now applies to crypto, NFTs, and digital assets, at 10% for individuals, or per applicable PIT band

Extended loss relief and carry-forward:
Capital losses can be deducted from gains within the same asset class, and unused losses can be carried forward for up to 5 years

Roll-over relief for share disposal:
Gains on share sales are deferable if proceeds are reinvested into Nigerian company shares within the same year of assessment

Expanded CGT on indirect transfers:
Tax now applies to indirect disposal of shareholding, such as sales via offshore holding companies

Higher exemption threshold for share disposal:
Up to ₦150 million proceeds, with gains below ₦10 million, are exempt in any 12-month period

phadriz:
Stop saying wrong things with confidence. The moment you sell, profit or loss with be determined and you are liable to CGT. Cash withdrawal or not is account receivable and cash/bank which has nothing to do with taxation.

Do you know you're liable to tax if you sell your goods on credit. The same is applicable here.

megawealth01:
Jah bless mahn

Coolcash1:
Oando faithfuls how far with your bonus issue....

megawealth01:
Nobi my allocation na. It's the total bonus oooooo.

I won't be that ignorable to display my holdings online na

SonofElElyonRet:
Even me first think say na you get over 5 billion till I saw my own mail.
Jokes apart, you know your onions when it comes to stocks. Twale!

megawealth01:
Once FIRST BANK cross 35 na straight to ElDorado

KarlTom:
There is a exception window of up to ₦150 million proceeds, with gains below ₦10 million, over any 12-month period

phadriz:
Stop saying wrong things with confidence. The moment you sell, profit or loss with be determined and you are liable to CGT. Cash withdrawal or not is account receivable and cash/bank which has nothing to do with taxation.

Do you know you're liable to tax if you sell your goods on credit. The same is applicable here.

SAK:
Na wa o ,see ACCESSCORP that pays better dividend more than firstholdco never shake body .

SonofElElyonRet:
E go reach your turn

Coolcash1:
Oando faithfuls how far with your bonus issue....

Coolcash1:
Oando faithfuls how far with your bonus issue....

KarlTom:
Sold DEAPCAP & CADBURY today at +10%.
I forsee a slight drop in ELLAH and CADBURY before Friday

Every mallam to his kettle...

KarlTom:
Sold DEAPCAP & CADBURY today at +10%.
I forsee a slight drop in ELLAH and CADBURY before Friday

Every mallam to his kettle...

Streetinvestor2:
You that is confident of what you are saying even when you have not read it. Pls read what someone posted up that if you buy with the proceeds within the same yr.You won't be paying CGT.
I no get strength to argue abeg

phadriz:
There is something called threshold which is the 150m. If your aggregate sales in the first month is up to 150m and you make profit of 10m with the aggregate transactions.
Oga, if sell 1m worth of stocks the following month and make 100k profit, you will be taxed. They are not waiting till year end. Tax authority all over the world don't wait till year end to tax an individual because they risk of default is very high.

Are you going to leave your profit turning into loss because you don't want to be taxed? That is the only way to avoid CGT.

ceelog:
One thing i have observed you in particular do is buy a stock once (with big sums i suppose) and not topup. That is mostly why your percents are historically high.
Correct?
If yes, why do you not top up as you get periodic investment funds?

ceelog:
One thing i have observed you in particular do is buy a stock once (with big sums i suppose) and not topup. That is mostly why your percents are historically high.
Correct?
If yes, why do you not top up as you get periodic investment funds?

megawealth01:
Wetin ELLAH do na?

megawealth01:
Once FIRST BANK cross 35 na straight to ElDorado