When Titus decided to sell his late father's plot in Ruiru last year, he was shocked to learn about a 15% tax on his profits. "Nobody in my family had ever mentioned this tax before," he admits. "We almost completed the sale before our lawyer asked for our CGT compliance certificate." His story is familiar to many Kenyans dealing with property transactions today. Since its reintroduction in 2015,...
The Real Estate sector has over time become a key attraction for investors for Kenya and globally. Kenyans living in the diaspora have often fallen victim to scammers who take advantage of their extended absence. This has left many of them counting losses running into millions of shillings, some in the hands of relatives. Mr. Penial Mugo, a Kenyan living in the USA for over a decade has a different...
Ministry of Lands, Public Works, Housing and Urban Development has announced plans to go cashless on all transactions across the country and kicked off an exercise to kick the ball rolling. The exercise to roll out a cashless transaction policy in all offices of the State Department for Lands and Physical is progressing well across the country. Teams flagged off from Nairobi on Monday 6th October...
The Ministry of Lands has confirmed that land rates payments will no longer be available on e-citizen and has been transferred to the recently unveiled new platform National Land Information Management System (NLIMS), ardhisasa. Land CS Farida Karoney however assures that the transactions, a number of which had not been completed by April 27, 2021 when the new platform was launched have been provided...
Everyone in need of any land transactions at the Nairobi Land Registry is now required to access the services online as the Ministry of Lands is now fully digital in Nairobi. The ministry has now shifted operations onto the new Lands Information Management System (LIMS), a process started in 2018 with an intention to ease management of land records and transactional services. This, according the Lands...
It is a huge sigh of relief for landlords whose properties were earmarked for demolition by the National Construction Authority (NCA) after the National Assembly withdrew a bill that granted the agency power to bring down the structures across the counties. The members of parliament now want some sections of the Business Laws (Amendment) Bill, 2020 amended, especially the sections affecting the National...
The sensitivity of Land as a subject in Kenya....... Crimes revolving around Land acquisition in Kenya have been some of the most complex assignments by the judicial system since independence having started almost immediately after the colonial government. This is the same time that land injustices started being experienced in various parts of the country as the indigenous people started settling and...
The government has rolled out a plan to construct a total of 1,500 housing units in Pangani and another 1,600 to be built in Jevanjee. Six leading local banks, Absa, Equity, KCB, NCBA, Housing Finance, and Stanbic, have also confirmed their commitment to giving Sh335 billion for homeownership mortgages, all this under the Affordable Housing Programme (AHP). The banks will finance potential homeowners...
Landlords will only waive rents for Tenants who provide documents proving that they cannot earn income during the Covid-19 pandemic. According to the Urban Tenants Association of Kenya, some tenants, especially those living in residential areas have been hiding behind the Covid-19 crisis and are deliberately refusing to pay their rents and yet they can afford lavish lives. Some landlords have been...
