Wazua
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Capital gains tax??
Rank: Elder Joined: 11/7/2007 Posts: 2,182
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real estate there are guys who pay cash but then again there are many loopholes when it comes to avoiding tax in real estate all legitimate by the way LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Given how important land is as investment in Kenya, I see politicians pushing back or delaying this. Hope so anyway Sehemu ndio nyumba
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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guru267 wrote:I knew the return of Capital gains tax was inevitable since judging by the growth in the size of the budget deficit. According to the report this tax can raise $4bn - $6bn per annum... That translates to 300-500billion shillings a year! Trust me this one is coming and it is likely to trouble at the NSE. All those foreign speculators will run for the hills before it can be implemented  Budget being discussed on KTN sunrise live. Mbadi & Nikhil Hira discussing widening of the tax bracket. Jua Kali sector, rental property and capital gains tax ( property and shares). :(
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mainat wrote:Given how important land is as investment in Kenya, I see politicians pushing back or delaying this. Hope so anyway That fact will ensure the status quo remains this way for a long time...
With NSE now owned by a large pool of foreigners, you don't want to spook this hot money. That capital flight won't be funny... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/21/2013 Posts: 427
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Still under review #KEBudget2013
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Hot air "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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71. Hon Members, the Government has initiated a review of the Capital gains tax under the Income Tax Act with a view to formulating modalities for its effective enforcement. This will allow wealthier members of our society to also make a token contribution toward our national development agenda.
Deepening Tax Reforms and Enhancing Tax Administration
The above was the Cabinet Secretary's precise statement with regard to the imposition of CGT in Kenya. We have a reprieve for now at least.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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It will depend on the magnititude of the tax...if its 10-15%...add on top 4.1% transaction costs then there is not incentive to invest.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Why would anyone assume the hustlers me and you in the market are wealthy pple?we are poor hard working small men. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:It will depend on the magnititude of the tax...if its 10-15%...add on top 4.1% transaction costs then there is not incentive to invest. You will learn to invest long term... its not like you will have anywhere else to run! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mlennyma wrote:Why would anyone assume the hustlers me and you in the market are wealthy pple?we are poor hard working small men. UK needs a slice of that fruit of your hard work-small or BIG! The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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fixed income market already witnessed a selloff by offshores on friday
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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All this publicity and speculation might send the NSE crashing in the short term Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:All this publicity and speculation might send the NSE crashing in the short term Let it crash. Fat tails are always a holy grail for my greedy investment trait...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kizee1 wrote:fixed income market already witnessed a selloff by offshores on friday
Large or small selloff? KES could get some knocks from large selloff.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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Those who say that they will run away, where will they invest their money?
As long as the rules are applied fairly across the market, most investors will stay put.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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guru267 wrote:All this publicity and speculation might send the NSE crashing in the short term Add to that the uncertainties about a further QE in the US,rising interest rates there hence more latitude for a stronger dollar, and the situation gets tricky. @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:guru267 wrote:All this publicity and speculation might send the NSE crashing in the short term Add to that the uncertainties about a further QE in the US,rising interest rates there hence more latitude for a stronger dollar, and the situation gets tricky. If these wazungus want to crash the market well and good. They are the ones who have been buying all the way to the current prices. Any sells by them will be at their loss. Local individuals and intitutionals will now buy back the stakes they have been selling and then we wait for the next cycle to sell to these muzungus #LocalMoneyMakingBusiness
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mwekez@ji wrote:Sufficiently Philanga....thropic wrote:guru267 wrote:All this publicity and speculation might send the NSE crashing in the short term Add to that the uncertainties about a further QE in the US,rising interest rates there hence more latitude for a stronger dollar, and the situation gets tricky. If these wazungus want to crash the market well and good. They are the ones who have been buying all the way to the current prices. Any sells by them will be at their loss. Local individuals and intitutionals will now buy back the stakes they have been selling and then we wait for the next cycle to sell to these muzungus #LocalMoneyMakingBusiness Amen!!! @SufficientlyP
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