Cde Monomotapa wrote:We need to realize there are more tenants than landlords in this country. That tax will be pushed to the tenants & we'll see who'll be the net losers at the end. 2ndly, a high minimum rent tax threshold should be set, OTW, forget about middle to low cost housing investments by private investors unless GoK is ready to fill the gap that'll be created.
On the otherhand, this might spark a large migration of tenants from the West to the East of Uhuru highway in the short to medium term to the glee of landlords on the East. What will happen to the pre-existing tenants of the East will be left in God's hands.