Yes-no mention of stocks, Although the original law targeted stocks. Also note that its only on 20%+ gains

And a different perspective - while there are people who claim to avoid certain investments because of taxes such as these, the fact is that when you trade you make a profit. The taxation means you make 95% of what you would have made. Is that such a disaster? Would you rather not trade and make 0% of your gains? Are there other investments out there that the people would opt for without taxes?

Thank you! Cost of capital/loans, trading costs, office expenses [internet, phone calls] and potential losses ask @obiero about KQ or @guru about HAFR to @VVS about Olympia

So if i buy land for 1m, use 3m to develop it and sell the property for 8m, do i pay 5% on (8m-1m)=7m or what? Coz the difference is not all profit, 3m was used to develop the empty land.

Tax accountants?

By this I mean that if you decide to sell your land (for example) you will be doing it at a profit. I don't expect one to be trading at a loss (at least where there is a choice). If I sell land and expect to make a profit of 10M, I still get 9.5M after paying the tax of 500k. The 9.5M is better than the zero gain if the tax is what deters me.

And by profit I expect one has taken into account all expenses. Duh...

Bye Bye NSE.

This will definitely make everything in a Kenyan's life more expensive.

Why are we having this discussion. Companies trading in the NSE do pay corporate tax on their gains currently for all profits. Individuals don't. KRA should have a look at the tax accounts of people in this page some don't have a clue how tax is paid.

CGT on shares now clarified. 5% tax. Seems wazuans don't fancy The East African paper.

http://www.theeastafrica.../-/d45jlfz/-/index.html

As part of those IMF ECFs (conditions) not surprised to see all these chaos. VAT revision, mobi cash excise duty etc. Arbitrary taxation here and there as tax regime becomes aggresive... What I see coming is endless court cases by KRA as tax evasion becomes rife due to an aggressive tax regime. Capital flight will flow towards mauritius and sychelles as a legal tax evasion option.

**Capital is neither patriotic nor loyal. Hot money will flow out especially on bonds and real estate where sizable amounts are flipped**

So will wanjikus equities gain of 100/- be subject to CGT? If so, how do you convince wanjiku to stick or return to the share market?

Paying tax is not the issue, it's the implementation aggression that kills it.

5% tax on the "gain" is very low for a non tax haven country. Expect the rate to go up next year or two.

I would be surprised if our CGT doesn't match our neighbours i.e. 20-30% before 2017.
We are like frogs in a sufuria. Temperature is now set at 5 degrees