As part of Kenya's 2014 Finance Bill, which was signed into law 15 September 2014, a capital gains tax regime was re-introduced in the country. In order to clarify the application of the capital gains tax, the Kenyan Revenue Authority recently published guidelines. Key points covered in the guidelines include:
- The capital gains is a final tax levied at a rate of 5% on the net gain from the transfer of property, which includes land, buildings and marketable securities
- Both resident and non-re…