in 2015 having been suspended in 1985. CGT is charged at the rate of 5% of the gain. There are various exemptions on CGT provided under the ITA. The tax on rental income is a tax arising from the gains and profits for occupation of property. The ITA provides for various ways of taxing rental income; Where the rent is payable to a non-resident, the tenant is required to withhold 30% of the rent and remit it to the Kenya Revenue Authority. The tax withheld is a final tax. Where the rent is payable to a resident, if the property is commercial, the tenant being an appointed agent, is required to withhold 10 % of the rent. The tax withheld is not a final tax and the landlord is required to file their income tax in the usual way. Where the rent is payable to a resident and the property is residential, the landlord may opt to either pay a monthly rental income tax, computed at 10 % of the gross rent a (final tax) or pay the instalment tax and final income tax in the usual way. Stamp duty-
Ever wished of doing business anywhere,Connecting with like-minded people and helping your business grow more further?Well,here is an app that does fulfills that .LIVELUVO LiveLuvo is a community network for local commerce that gives you the golden opportunity to realize your potential in real time. With liveluvo,one can post an offer of a service, skill, product or knowledge to the LIVELUVO community.One can also explore opportunities offered by others based on your interests and current location.'Contextuality' is key.One can also trade.One can also lookout for Internship opportunities.Promote your institution.Aside from the business side,one can also Chat with friends and relatives All you need to get started is download the app DOWNLOAD LINK Sign up with your mobile number and setup a profile that shows your vocation, interests, knowledge and skills then start connecting.Grow your business We work overtime with the ultimate goal of finding a perfect place for shade,M