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symbols		#51 Posted : Tuesday, June 18, 2013 3:27:50 PM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		youcan'tstopusnow wrote: jguru wrote: Will Capital Gains Tax end the rampant speculation in land? If it will, then let us have it. 30% minimum. My opinion is that it will not. And why should it, if potential returns are several multiples of your initial investment? What alternative 'investment' will generate higher returns to dissuade these speculators? Govt. will get its share, and the speculator yake. Both are happy. And with news roads being built, the land rush seems not be fading any time soon. (At least judging from my reading of Wazua posts e.g Namanga, Ngong, etc.) Ama unaonaje? I don't know how big an impact it will have but there was this article a few weeks back. Ministry shelves road projects as State fails to allocate Sh7.5 billion
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youcan'tstopusnow		#52 Posted : Tuesday, June 18, 2013 3:28:26 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		However, if the Govt. goes the mkeiyd approach above, that will definitely throw a spanner in the works. Not many folks would want to be locked in for 7 years. mkeiyd, that would be very interesting. #FoodForThought GOD BLESS YOUR LIFE
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youcan'tstopusnow		#53 Posted : Tuesday, June 18, 2013 3:54:52 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		So many ways the Govt. can apply this thing: tax only half the gains, tax only gains above a certain threshold eg. 500k, etc. http://en.m.wikipedia.org/wiki/Capital_gains_tax Rotich ndio msema kweli. How soon will they move in? This thing could take months to formulate. It could even be shot down. In the meanwhile, I do not believe this is the reason for the current market malaise. I attribute that to normal vagaries of the market. symbols, I saw that story too. Impact on prices? Or? GOD BLESS YOUR LIFE
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mukiha		#54 Posted : Tuesday, June 18, 2013 3:58:58 PM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		Kenyans are a funny lot: they are complaining that budget did not allocate enough money to various sectors and that the government is borrowing too much, but at the same time they don't want to pay more taxes. Where do Kenyan's think the money comes from: trees? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mkeiyd		#55 Posted : Tuesday, June 18, 2013 4:15:51 PM
Rank: Veteran Joined: 3/26/2012 Posts: 1,182		youcan'tstopusnow wrote: However, if the Govt. goes the mkeiyd approach above, that will definitely throw a spanner in the works. Not many folks would want to be locked in for 7 years. mkeiyd, that would be very interesting. #FoodForThought @ycsun, It's been done elsewhere to curb speculative land hoarding. This opens opportunities for the "real" real estate developers leading to "cheaper" housing.
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symbols		#56 Posted : Tuesday, June 18, 2013 4:16:43 PM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		@mkeiyd - I agree.Flexibility kidogo here and there. @youcan't - I agree this one needs more thought and hopefully inclusion.I was wondering if it will have an the impact on prices and buying of land in those areas. @mukiha - I doubt most can appreciate that a government can go 'broke'.
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youcan'tstopusnow		#57 Posted : Tuesday, June 18, 2013 7:53:40 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		symbols wrote: @mukiha - I doubt most can appreciate that a government can go 'broke'. Until it does;-) GOD BLESS YOUR LIFE
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murchr		#58 Posted : Tuesday, June 18, 2013 8:09:49 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		I dont see this capita gains tax taking effect, atleast not on the NSE maybe on exploration blocks and Land. It all depends on the MPigs interest. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Aguytrying		#59 Posted : Tuesday, June 18, 2013 8:38:57 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		i doubt this tax will come into effect and even if it does we will learn to live with it. just be positioned to take advantage of the new situation The investor's chief problem - and even his worst enemy - is likely to be himself
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h2s		#60 Posted : Tuesday, June 18, 2013 9:38:13 PM
Rank: Member Joined: 7/20/2012 Posts: 141		Let's assume you bought shares of company A at 3sh, then bought another batch at 5sh and lastly another batch at 8sh. So when you sell at 5sh how is the CGT going to be calculated?
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