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Capital gains tax??
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maka
#11 Posted : Tuesday, June 11, 2013 11:36:18 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
the deal wrote:
guru267 wrote:
mlennyma wrote:
It doesnt spare either whether you are selling at a loss or profit.nkt


Mboss it is called capital GAINS tax.. This means only gains are taxed!


Laughing out loudly Laughing out loudly Laughing out loudly nice one @Guru

They will probably introduce a revised version of it and introduce some other charges on the side on a sliding scale just like for every £10000 pounds invested on the LSE a small sum goes to the PTM levy (£1)...there is no option capital gains tax has to be introduced...
possunt quia posse videntur
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The optimist
#12 Posted : Tuesday, June 11, 2013 11:55:01 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Jamani wrote:
According to http://www.globalpropert...ganda/capital-gains-tax
Ug 30%
Tz20%
Pray Pray Hii kitu wasilete. A whole 30%! That's another PAYE for sure!
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maka
#13 Posted : Tuesday, June 11, 2013 12:27:03 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
The optimist wrote:
Jamani wrote:
According to http://www.globalpropert...ganda/capital-gains-tax
Ug 30%
Tz20%
Pray Pray Hii kitu wasilete. A whole 30%! That's another PAYE for sure!

read more here... www.wazua.co.ke/forum.aspx?g=posts&m=328743
possunt quia posse videntur
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mlennyma
#14 Posted : Tuesday, June 11, 2013 12:45:08 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Just asking,if i buy some shares and the price dips,does it mean upon selling at a loss i will be tax exempt?..does this mean someone will be tracking buying and selling prices?
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#15 Posted : Tuesday, June 11, 2013 1:02:09 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
Just asking,if i buy some shares and the price dips,does it mean upon selling at a loss i will be tax exempt?..does this mean someone will be tracking buying and selling prices?


Mboss there will be guys tracking your buy and sale price or you might have to register the returns on your own.

If you sell at a loss you might qualify for a tax refund.

This tax is usually only applicable for assets held for more than 12 months!
Mark 12:29
Deuteronomy 4:16
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mlennyma
#16 Posted : Tuesday, June 11, 2013 1:34:37 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
1-11months means speculators can play safe in the nse avoiding the tax.
"Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji
#17 Posted : Tuesday, June 11, 2013 5:45:47 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
... This tax is usually only applicable for assets held for more than 12 months!


if so, we will avoid this tax by churning our portfolio withing every 12 months
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guru267
#18 Posted : Tuesday, June 11, 2013 6:30:01 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
guru267 wrote:
... This tax is usually only applicable for assets held for more than 12 months!


if so, we will avoid this tax by churning our portfolio withing every 12 months


I'm waiting to see how GOK will structure this one! They have to maintain investor interest no matter what they do otherwise they will set us back 2 decades!!
Mark 12:29
Deuteronomy 4:16
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MatataMingi
#19 Posted : Wednesday, June 12, 2013 9:11:05 AM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
Will this apply to real estate also.
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dunkang
#20 Posted : Wednesday, June 12, 2013 9:18:02 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
MatataMingi wrote:
Will this apply to real estate also.

Actually, the main target should be real estate.

But this thing is demoralizing.
Receive with simplicity everything that happens to you.” ― Rashi

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