Scope
June 9, 2019
Article
Capital Gains Tax (CGT) is a tax chargeable on the whole of a gain which accrues to a company or an individual on or after 1st January, 2015 on the transfer of property situated in Kenya, whether or not the property was acquired before 1st January, 2015. CGT rate is 5% which is final and cannot be offset against any other tax.
Property for purposes of CGT means land, buildings and marketable securities
Eight Schedule of the income tax act
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