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...
Types of Land Ownership There are two types of estate ownership of land in Kenya; freehold and leasehold. Freehold This is absolute ownership of land as besides municipal rates, no other taxes are levied. The municipal rates are determined by the unimproved site value of the land. Leasehold In most cases, the land is owned by the government or by individuals /companies who lease the land for say 99,...
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...
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...