Section 52

(1) A gain accruing on a disposal of an asset which is tangible movable Personal
property being personal chattels of an individual shall not be a chargeable gain chattels
if the total amount or value of the consideration for the disposal does not, in a
period of assessment, exceed N 5,000,000 or three times the annual national
minimum wage, whichever is higher.
(2) Where two or more assets, whether or not forming part of a set of
articles, are disposed by a person to the same person or to persons acting in
concert or to connected persons, whether on the same or different occasions,
the two or more transactions shall be treated as a single transaction disposing
of a single asset, but with any apportionments, where necessary.
(3) Where the disposal is part of a right or interest in, or over tangible
movable property, subsection (1) shall apply in relation to the asset as a whole,
taking the consideration as including the market value of what remains
undisposed of, in addition to the actual consideration.
(4) The provisions of this section shall apply to a gain accruing on a
disposal of two or more assets, not necessarily forming part of a set of articles
of any description, which are tangible movable properties in the same manner
as they apply in relation to a gain accruing on a disposal of an asset, or two or
more assets forming part of a set of articles.
(5) This section shall not apply to a disposal of currency of any description.