The target has always been land transactions. Maybe this will replace the Stamp Duty....which people are suggesting should be scrapped

well i was wondering how long the free ride would last... i just pray that this remains a one time story like the "delisting of mumias" one but i was expecting it...

but in Uganda we're charged capital gains tax and pretty much everywhere else so we had to see this coming....

but I'd hope the treasury waits a while until kenya regains its attractiveness as an investment hub because it image is not the best with all the political commotion...

and very key to note is that the capital gains tax is only charged on assets held for over a year...

@fundamental Ali the capital gains tax yields 18% and above whereas stamp duty yields less than 1.5% and you ask where the logic is????

Remember; Kimunya had introduced Capital Gains Tax on land, but the MPs rejected it.

I think land will be the main target here. If it is expanded to the stock market there won't be much revenue to be raised... we haven't much gain in a long time, any way

capital gain tax was proposed to be re-introduced by kimunya in 2006 but the mps rejected it since they feared that it targeted them & the rich...

if it's re-introduced now it will affect investors who gains in investments held over one year...

critically speaking the govt need to re-introduce it so as to conform with the world all over and to net the gains reaped by the likes of Meralis...

if gain is taxed then loss must be accumulated...

in our case, to take care of inflation the govt should tax gains at rates lower than corporation tax rate...