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The Capital Gains Tax
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Wendz
#61 Posted : Thursday, October 02, 2014 1:04:22 PM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
a4architect.com wrote:
compared to south africa's at 10%, kenya's 5% is not high. The south african capital gains tax has actually aided the south african real estate industry by slowing down on speculation,hence lower housing costs.
http://southafrica.angloinfo.co...taxes/capital-gains-tax/


Is it a possibility that it might make the land more expensive if the speculators decide to shift the tax to the buyers? Like a plot worth 1m one sells 1m+ tax?
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YoungMulla
#62 Posted : Thursday, October 02, 2014 1:26:54 PM
Rank: Member


Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
muganda wrote:
Following some Wazua tweets; very good updates from @RobertYawe who's attending a PKF Capital Gains Tax seminar. Some scary...


1. KRA has decided to challenge the definition of the words "avoidance" & "evasion" by indicating that they are similar @wazua

2. @wazua shares traded on the NSE by an individual are exempt from CGT therefore those Chama's are in trouble

3. @wazua Rural agricultural land of less than 100 acres is exempt from CGT so those subdivision experts are in the clear

4. @wazua individuals who have lived in a property for more than 3 years before disposal are exempt from CGT



@Muganda, is that info for real? coz its like a Christmas gift come early Drool
Before I die - i will touch the sky!!
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