Family Wealth Transfers and the NTA 2025: What Executors, Trustees, and Heirs Need to Know

This publication is about how Nigeria's approach to wealth succession has fundamentally changed with the enactment of the Nigeria Tax Act, 2025 (NTA 2025). For years, inheritance followed cultural traditions and probate norms, but now, tax compliance plays a central role. The NTA 2025 imposes clear tax obligations on all forms of succession, whether by will, trust, or intestacy. Executors must settle final and estate income taxes, trustees face new reporting rules, and administrators cannot distribute assets without addressing tax liabilities making estate planning more complex and tax-driven than ever before. 

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