wazua Tue, Nov 4, 2025
Welcome Guest Search | Active Topics | Log In

10 Pages«<8910
Capital Gains Tax on EQUITIES
Options
Previous Topic · Next Topic
dunkang
#181 Posted : Sunday, September 27, 2015 4:08:54 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
So, the outflow of dollars!
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
 Report Abusive | Report SPAM
bird_man
#182 Posted : Monday, October 12, 2015 10:39:11 AM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Should we be paying the 5% CGT or 0.3% witholding tax on sale value?
Formally employed people often live their employers' dream & forget about their own.
Back to top
 Report Abusive | Report SPAM
maka
#183 Posted : Monday, October 12, 2015 10:41:52 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
bird_man wrote:
Should we be paying the 5% CGT or 0.3% witholding tax on sale value?


5% CGT...yes you should be paying.
possunt quia posse videntur
Back to top
 Report Abusive | Report SPAM
Boris Boyka
#184 Posted : Monday, October 12, 2015 10:58:30 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
maka wrote:
bird_man wrote:
Should we be paying the 5% CGT or 0.3% witholding tax on sale value?


5% CGT...yes you should be paying.

Until 31 Dec 2015.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Back to top
 Report Abusive | Report SPAM
bird_man
#185 Posted : Monday, October 12, 2015 11:02:53 AM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Boris Boyka wrote:
maka wrote:
bird_man wrote:
Should we be paying the 5% CGT or 0.3% witholding tax on sale value?


5% CGT...yes you should be paying.

Until 31 Dec 2015.

Thanks!
Formally employed people often live their employers' dream & forget about their own.
Back to top
 Report Abusive | Report SPAM
Kingotore
#186 Posted : Thursday, October 29, 2015 2:48:20 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
What's the cost of purchasing shares. Does capital gain tax still apply?
GOOD TO GREAT. KINGOTORE
Back to top
 Report Abusive | Report SPAM
Thiong'o
#187 Posted : Thursday, October 29, 2015 3:33:12 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
Kingotore wrote:
What's the cost of purchasing shares. Does capital gain tax still apply?


See an example of transaction charges below;

No. of Shares : 39
Price : 14.20

Gross Consideration 39 @ 14.20 553.80
Brokerage Commission 1.7786% 9.85
CDSC Transaction Levy 0.0600% 0.35
CMA GUARANTEE Fund 0.0100% 0.05
CMA Transaction Levy 0.1200% 0.65
CDSC Gurantee Fund 0.0100% 0.05
NSE Transaction Levy 0.1200% 0.65
Stamp Duty Charges 4.00
Total Charges 15.60
NET AMOUNT PAYABLE 569.40
Back to top
 Report Abusive | Report SPAM
Impunity
#188 Posted : Thursday, October 29, 2015 3:59:49 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Thiong'o wrote:
Kingotore wrote:
What's the cost of purchasing shares. Does capital gain tax still apply?


See an example of transaction charges below;

No. of Shares : 39
Price : 14.20

Gross Consideration 39 @ 14.20 553.80
Brokerage Commission 1.7786% 9.85
CDSC Transaction Levy 0.0600% 0.35
CMA GUARANTEE Fund 0.0100% 0.05
CMA Transaction Levy 0.1200% 0.65
CDSC Gurantee Fund 0.0100% 0.05
NSE Transaction Levy 0.1200% 0.65
Stamp Duty Charges 4.00
Total Charges 15.60
NET AMOUNT PAYABLE 569.40


Hakuna capital gain in your calculations, only seeing some weird deductions, most of which I suspect have been inserted by Jubilee government.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
Back to top
 Report Abusive | Report SPAM
HaMaina
#189 Posted : Thursday, October 29, 2015 4:12:59 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 927
bird_man wrote:
Should we be paying the 5% CGT or 0.3% witholding tax on sale value?


I think its 0.3% on transaction value, sale or purchase.

http://www.businessdaily.../-/14d15g9z/-/index.html
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (2)
10 Pages«<8910
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.