Section 132
Section 132 of 206•Federal Republic of Nigeria
Where a property is conveyed to a person in consideration, wholly
in or in part, of a debt due to the person, the debt shall be deemed the considera-
consideration
tion in respect of which the conveyance is chargeable with ad valorem duty.
of a debt
Duty on
Cite this section
Section 132, NIGERIA TAX ACT, 2025.
https://repo.podus.ai/laws/nigeria-tax-act/section/132/