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Capital Gains Tax: Why it Should Concern Every Kenyan Property Owner

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,...