And the brokers must help us to frustrate the administration of this unwelcome tax by saying it can't be monitored easily

There was a KASIB seminar I attended...read this...

1. Commissions and other incidental costs (including credit contexts) must first be deducted from the gains before being subjected to CGT.
2. The issue of compensating tax was also dealt with although not quite comprehensively. However, compensating tax must be regarded separately as a tax specifically designed to deal with tax avoidance. Essentially, when gains are made from the sale of a capital asset, those gains naturally are subjected to CGT. Additionally however, if an entity’s dividend policy supports the distribution of those gains as dividends, the said distribution will be subjected to compensating tax. Obviously, stiff objections to the afore-mentioned arrangement were made with members charging that the situation amounted to double taxation.
3. Disposals made in administering a deceased person’s estate are exempt from CGT.
4. CGT doesn’t apply to losses. Also, losses are to be set-off against future gains when computing CGT on the latter gains. KRA promised to provide further guidance on this issue as it is fairly ‘sensitive’.
5. Brokers will most certainly be the collection agents for CGT. Members raised the issue of the cost of collection as being potentially burdensome. However, members were clear that as far as foreign investors were concerned custodians would perhaps be the more suitable collection agents. KRA didn’t seem to have a firm answer on this but promised to provide a firm way forward.
6. An exchange of property necessitated by acquisition, amalgamation, separation, dissolution or similar restructuring involving one or two companies which if certified by the Treasury CS as having been done in the public interest, shall be exempted from CGT. The law however, fails to define ‘public interest’.
7. As far as the law on CGT is concerned, the date of acquisition is neither here nor there. Members however vociferously urged KRA to set a cut-off date. KRA promised to look into this issue further.

Finally, KASIB members were requested to put together an appropriate memorandum where all contentious and controversial issues should be included so as to enable the same to be properly resolved by KRA and the Treasury CS.

seems this is happening!very few sellers and a few buyers in the market.

If sellers continue holding this position,then it will be interesting (buyers will certainly increase)

Holiday blues still...good things are coming.

Treasury likes that. Impact of CGT being felt.

Also helps keep away small speculators

A bullish trend has been observed on several counters, whether it will spread across board or shortlived to usher a bear as predicted by our opposing camp of analysts, time will tell,we are very alert every minute during nse trading hours. thanks as you remain bullish like me.

its hard to tell which way it will go. the low volumes can be explained by CGT uncertainty not necessarily a bear. some laggards are waking up so nse 20 may rise. eg kk, bamburi.

Great start to 2015. Just need Ekweity to join the party. Why certain interested parties in GoK keep trying to stall its thin simcard I don't know, but my hope is it can motor towards Ksh70 for the year. Yani where it listed some 9 years ago.

Kengen is currently at buy price if price recovers to 14.60/- then that will be a 66% gain but depends on time it will take to recover 1-2 years, months or weeks?