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Land Rights in Kenya: Land Rates and Taxes.

  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 dut...

Job opportunity

 Tustawi is looking to hire an instructional designer. Quick details below Has worked with Vyond and articulate 2yrs experience or 1 yr working on e-learning course development Audio and video editing skills Ask them to email esther.

nyauncho@tustawi.com and esther.kiarie@tustawi.com

 with subject: Instructional design role http://rb.gy/audhz7

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Land Rights in Kenya: Land Rates and Taxes.

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