Let’s Talk Tax! Inheriting property can be both a blessing and a challenge. Alongside the emotional and practical considerations, one common question we’re often asked is: Will I pay Capital Gains Tax if I sell it? The answer isn’t always straightforward. Capital Gains Tax on inherited property depends on factors such as how the property
Capital Gains Tax (CGT) in Kenya is chargeable on gains accruing from the transfer of property, including land, buildings, shares and comparable interests. This Article explores when capital tax is payable in Kenya for shares and other property. Click this link to access the full update. CAPITAL GAINS TAX
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News & Updates
The National Treasury has recently hinted at significant changes to the country’s tax regime, with possible reductions in the income tax rate from 30% to 25%, a decrease in Value Added Tax (VAT) from 16% to 14%, and potential decrease in Pay-As-You-Earn (PAYE). These changes could bring relief to taxpayers and businesses alike. While the
INSIDE THE GOVERNMENT\’S PLAN TO LOWER TAX RATES Read More »
News & Updates
Introduction The Tax Procedures (Amendment) Bill, 2024, seeks to introduce several key amendments to the existing Tax Procedures Act. This Bill, which was recently presented to the Kenyan National Assembly, aims to enhance the efficiency of tax administration and address specific challenges in tax recovery. The proposed amendments, if enacted, will have significant implications for
OVERVIEW OF THE TAX PROCEDURES (AMENDMENT) BILL, 2024 Read More »
News & Updates