Section 4: Amendment of section 31

Section 31 (6) of the Principal Act is amended by inserting after the expression, “Goodwill — Class 4”, the expression, “Stocks and Shares - Class 5: provided, however, that for the purposes of the application of roll-over relief for shares pursuant to sections 30 and 31 of this Act, the proceeds from qualifying disposals must be reinvested within the same year of assessment in the acquisition of eligible shares in the same or other Nigerian companies.”