It is the amount of tax paid on the disposal of charges assets e.g. Lands

The person who sold a property or Transferor, Lessor.

Government Agencies at all levels, International Agencies, and ecclesiastical, Charitable or Educational Institutions of a public character.

It is a requirement of the law.

Capital Gains Tax LFN 2004

Yes. It will be paid by the personal representatives or person on whom the assets are devolved.

Land, buildings and any permanent or semi-permanent structure, fixed plant or machinery, propelled motor vehicles, ships and aircraft.