Capital Gains Tax set at 0.3% of transaction value - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » Capital Gains Tax set at 0.3% of transaction value

4 Pages123>»

Capital Gains Tax set at 0.3% of transaction value

Options

Previous Topic · Next Topic

instinct		#1 Posted : Thursday, June 11, 2015 8:36:26 PM
Rank: Member Joined: 8/17/2007 Posts: 294		Treasury CS Henry Rotich has rescinded the 5% cgt and replaced with 0.3% tax on each transaction. market should be responding positively to this tomorrow....
Back to top		\|
User Profile

Fyatu		#2 Posted : Thursday, June 11, 2015 8:38:19 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		instinct wrote: Treasury CS Henry Rotich has rescinded the 5% cgt and replaced with 0.3% tax on each transaction. market should be responding positively to this tomorrow.... This is very good news Dumb money becomes dumb only when it listens to smart money
Back to top		\|
User Profile

whiteowl		#3 Posted : Thursday, June 11, 2015 8:46:25 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		Fyatu wrote: instinct wrote: Treasury CS Henry Rotich has rescinded the 5% cgt and replaced with 0.3% tax on each transaction. market should be responding positively to this tomorrow.... This is very good news He is finally back to planet earth, I thought we'd lost him to the aliens forever.
Back to top		\|
User Profile

Boris Boyka		#4 Posted : Thursday, June 11, 2015 8:47:17 PM
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here		Fyatu wrote: instinct wrote: Treasury CS Henry Rotich has rescinded the 5% cgt and replaced with 0.3% tax on each transaction. market should be responding positively to this tomorrow.... This is very good news So new transaction charges @ 2.1%..& 2.4% up from the 1.8%...&2.1% respectively Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Back to top		\|
User Profile

Kingotore		#5 Posted : Thursday, June 11, 2015 9:34:05 PM
Rank: New-farer Joined: 12/27/2013 Posts: 87		This tax is now understandable.hope market will respond fast. GOOD TO GREAT. KINGOTORE
Back to top		\|
User Profile

VituVingiSana		#6 Posted : Thursday, June 11, 2015 10:31:31 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		NSE, CMA and CDSC (to be bought out by NSE) should reduce their piece of the pie from 0.32% to a more manageable level e.g. 0.15% (on buy and sale)... It is not fair to lump the entire 0.3% on sales to Investors. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

Kagame		#7 Posted : Thursday, June 11, 2015 10:40:11 PM
Rank: New-farer Joined: 4/1/2014 Posts: 47		This is worse than cgt as far as investors are concerned especially when the share prices are declining.cgt focused on gains.the new transaction tax is chargeable on both acquisition and disposal,very thoughtful of rotich as he will still get revenue even in a bear market.
Back to top		\|
User Profile

mlennyma		#8 Posted : Thursday, June 11, 2015 10:43:56 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Iam still not happy,it should be 0.3% of the gain,how can you tax my capital?? "Don't let the fear of losing be greater than the excitement of winning."
Back to top		WWW \|
User Profile

murchr		#9 Posted : Thursday, June 11, 2015 10:55:24 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		mlennyma wrote: Iam still not happy,it should be 0.3% of the gain,how can you tax my capital?? I thought the Capital gains tax on shares traded has been scrapped off and this is witholding tax ama? Capital gains tax of real estate stays "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
Back to top		\| \| Edit by user: Thursday, June 11, 2015 10:56 PM \| Reason: Not specified
User Profile

Goldilocks Reloaded		#10 Posted : Friday, June 12, 2015 9:07:56 AM
Rank: Member Joined: 1/14/2014 Posts: 178		Who is a tax guru in Wazua to break this down for us further. We need to know the full implications before we celebrate much. Some of us are already badly hit by the bear and do not need further bashing. We're not sinners in taxation terms Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
Back to top		\|
User Profile

4 Pages123>»

Wazua » Investor » Stocks » Capital Gains Tax set at 0.3% of transaction value

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