Where a property is conveyed to a person in consideration, wholly or in part, of a debt due to the person, the debt shall be deemed the consideration in respect of which the conveyance is chargeable with ad valorem duty.
Nigeria Tax Act 2025 · Chapter 5 · Part II
Section 131Conveyance in consideration of a debt
Cite as: Nigeria Tax Act 2025, section 131
Source: Nigeria Tax Act, 2025 (Act No. 7 of 2025), Official Gazette No. 117, Lagos, 26 June 2025. General information, not legal advice.