Capital Gains Tax on EQUITIES - Page 4 - Economy - Wazua

Welcome Guest

Wazua » Investor » Economy » Capital Gains Tax on EQUITIES

Capital Gains Tax on EQUITIES

Options

Previous Topic · Next Topic

streetwise		#31 Posted : Tuesday, January 06, 2015 9:01:45 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		Once the players get settled psychologically things will go back to normal. What is the difference of selling at 5% less than expected with no CGT and selling at 5% higher and paying the CGT.
Back to top		\| \| Edit by user: Tuesday, January 06, 2015 9:04 AM \| Reason: Not specified
User Profile

Akenyan2014		#32 Posted : Tuesday, January 06, 2015 10:00:14 AM
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya		streetwise wrote: Once the players get settled psychologically things will go back to normal. What is the difference of selling at 5% less than expected with no CGT and selling at 5% higher and paying the CGT. The earlier pays the 'seed' to KRA, the latter assists the stocks buyer get a 5% discount
Back to top		\| \| Edit by user: Tuesday, January 06, 2015 11:58 AM \| Reason: Not specified
User Profile

Pesa Nane		#33 Posted : Tuesday, January 06, 2015 10:00:21 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		streetwise wrote: Once the players get settled psychologically things will go back to normal. What is the difference of selling at 5% less than expected with no CGT and selling at 5% higher and paying the CGT. He that sells are 5% higher and pays CGT earns more. #splittinghairs Pesa Nane plans to be shilingi when he grows up.
Back to top		\|
User Profile

mlennyma		#34 Posted : Tuesday, January 06, 2015 10:05:37 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		You needed atmost 2.5% to count your eggs before,now you need 7.5 % to count anything,its a big jump. "Don't let the fear of losing be greater than the excitement of winning."
Back to top		WWW \|
User Profile

Pesa Nane		#35 Posted : Tuesday, January 06, 2015 10:06:14 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		TheGeek wrote: MaichBlack wrote: Brokers are playing hard ball!!! Not so fast Quote: “A stockbroker who conducts the transfer of investment shares on behalf of a transferor shall collect and remit tax to the commissioner in accordance with section 35(5),” reads paragraph 18 of the eighth schedule. Link is below. Brokers obligated to collect capital gains tax, KRA says But, but.. Pesa Nane plans to be shilingi when he grows up.
Back to top		\|
User Profile

Metasploit		#36 Posted : Tuesday, January 06, 2015 10:39:01 AM
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania		mlennyma wrote: You needed atmost 2.5% to count your eggs before,now you need 7.5 % to count anything,its a big jump. CGT is on gains so its 2.5% of total cost plus 5% of gains ..how do you get your 7.5% ? “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
Back to top		\|
User Profile

streetwise		#37 Posted : Tuesday, January 06, 2015 10:44:01 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		You needed atmost 2.5% to count your eggs before,now you need 7.5 % to count anything,its a big jump. HAPANA This is the maths. If you gain 2.5% as before you will pay 5% CGT on the 2.5%. This translates to about 0.125%, so you should be saying the your need atleast 2.625%. Simplify 2.7% is good to go
Back to top		\|
User Profile

jerry		#38 Posted : Tuesday, January 06, 2015 10:47:59 AM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		Metasploit wrote: mlennyma wrote: You needed atmost 2.5% to count your eggs before,now you need 7.5 % to count anything,its a big jump. CGT is on gains so its 2.5% of total cost plus 5% of gains ..how do you get your 7.5% ? I know of 1.82% and 2.1% for shate tranctions of >100,000/= and upto 10,000/= respectively. The opposite of courage is not cowardice, it's conformity.
Back to top		\|
User Profile

The optimist		#39 Posted : Tuesday, January 06, 2015 10:59:45 AM
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi		Metasploit wrote: mlennyma wrote: You needed atmost 2.5% to count your eggs before,now you need 7.5 % to count anything,its a big jump. CGT is on gains so its 2.5% of total cost plus 5% of gains ..how do you get your 7.5% ? Hii mahesabu inasumbua watu kweli. Adept Tranport Services
Back to top		\|
User Profile

The optimist		#40 Posted : Tuesday, January 06, 2015 11:04:31 AM
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi		whiteowl wrote: I sold a small chunk of my Britam shares and CGT wasn't part of the discussion. Unless kra puts a knife on my neck on Wednesday when I'm getting my cash,hii kitu silipi! How can I pay CGT when my broker doesn't have records of my buying price and I'm also suffering from a memory lapse? Read the business daily today. The Records are available for transactions made from 2005 onwards. For transactions made before then, the base price will be the highest price achieved before 2005. And KRA has instructed Brokers to collect CGT for Friday and Monday before making payments. #NotSoLucky Adept Tranport Services
Back to top		\| \| Edit by user: Tuesday, January 06, 2015 11:05 AM \| Reason: Not specified
User Profile

19 Pages«<23456>»

Wazua » Investor » Economy » Capital Gains Tax on EQUITIES

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded