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Loss Relief & Capital Allowances in Nigeria (NTA 2025) – How to Reduce Your Tax Legally!
Are you a business owner, entrepreneur, director, tax professional or investor in Nigeria? Do you want to understand how to legally reduce your tax liability under the new Nigeria Tax Act (NTA) 2025?
In this powerful and practical video, we break down everything you need to know about Loss Relief and Capital Allowances — and how to harness them to your full advantage.

Under NTA 2025:
✅ You can now carry forward business losses indefinitely
✅ You can carry forward unabsorbed capital allowances without time limit
✅ You can absorb full capital allowance where there is sufficient assessable profit
✅ Capital allowance now aligns with accounting depreciation (single annual rate)
✅ No more restrictive dual system of Initial & Annual Allowance
This means you can take reasonable business risks, invest in assets, expand operations, and cushion the tax impact if things don’t go as planned — all within the law.

🔍 What You Will Learn in This Video
🔹 The Golden Rule of Tax Freedom – The 3Cs
Comply. Comply. Comply.
Avoid tax wahala. Avoid penalties. Sleep peacefully.
🔹 Fundamental Meaning of Loss & Loss Relief
• Revenue Loss vs Capital Loss
• How losses are computed
• How losses are relieved from future profits
• The Golden Rule of Loss Relief
• Important restrictions and limitations
🔹 Capital Allowances Made Simple
• What is Qualifying Capital Expenditure (QCE)?
• The 3 Classes and 10 Categories of QCE
• Annual capital allowance rates (10%, 20%, 25%)
• How to compute and deduct capital allowance
• Transitional rules from old tax system to NTA 2025
• The 1% notional retention rule
🔹 The Golden Rule for Granting Capital Allowance
We break down all key requirements including:
• Wholly and Exclusively (WAE) test
• Sole purpose rule
• Basis period usage
• Documentary and accounting proof
• Claim procedures
• Ministry certification requirements

🔹 Step-by-Step Tax Computation Format
We walk you through:
Gross Income → Allowable Expenses → Loss Relief → Capital Allowance → Total Profit → Chargeable Income → Tax Liability.

🎯 Who This Video Is For
• Business owners and startups
• SMEs and growing companies
• Tax practitioners and consultants
• Accountants and finance professionals
• Investors acquiring capital assets
• Anyone who wants to reduce tax legally in Nigeria

💡 Key Takeaways
• The higher your legitimate loss relief and capital allowance, the lower your taxable profit.
• Capital allowance is not automatic — it must be properly claimed.
• Wholly and Exclusively (WAE) is central to qualifying.
• Documentation, compliance, and accuracy are critical.
• The tax system now supports responsible risk-taking and investment.
This video is part of our educational Compass Series designed to enlighten both the Tax Community and Non-Tax Community on the modern, progressive provisions of NTA 2025.
If you want to:
✔ Reduce your tax legally
✔ Understand loss relief deeply
✔ Maximize capital allowance
✔ Avoid tax penalties and enforcement
✔ Build a compliant and tax-efficient business
Then this video is for you.

📌 Watch till the end to discover:
• The Golden Rules
• Key compliance essentials
• Common mistakes to avoid
• Practical tips for maximizing tax incentives
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Your tax freedom begins with compliance and knowledge.

Want to know how to stop losing money on Withholding Tax? Click this link to see how:    • Withholding Tax in Nigeria, Stop Losing Mo...  

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