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Capital Gains Tax on EQUITIES
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dunkang
#181 Posted : Sunday, September 27, 2015 4:08:54 PM
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Receive with simplicity everything that happens to you.” ― Rashi

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bird_man
#182 Posted : Monday, October 12, 2015 10:39:11 AM
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Joined: 11/2/2006
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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.
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maka
#183 Posted : Monday, October 12, 2015 10:41:52 AM
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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
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Boris Boyka
#184 Posted : Monday, October 12, 2015 10:58:30 AM
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Joined: 11/15/2013
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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. !!!
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bird_man
#185 Posted : Monday, October 12, 2015 11:02:53 AM
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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.
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Kingotore
#186 Posted : Thursday, October 29, 2015 2:48:20 PM
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Joined: 12/27/2013
Posts: 87
What's the cost of purchasing shares. Does capital gain tax still apply?
GOOD TO GREAT. KINGOTORE
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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
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Impunity
#188 Posted : Thursday, October 29, 2015 3:59:49 PM
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Joined: 3/2/2009
Posts: 26,328
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.
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HaMaina
#189 Posted : Thursday, October 29, 2015 4:12:59 PM
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Joined: 4/23/2014
Posts: 909
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
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