Capital gains tax on sale of land house and shares in Kenya - CGT tax return

Описание: Hello there! I am a real estate tax advisor in Kenya.

Need my help?

I can assess and advise whether your disposed property is subject to capital gains tax.

I can file your capital gains tax return.

I can process a waiver of CGT from KRA on your behalf.

Book a consultation with me via the link below 👇

https://cal.com/cleartax/capital-gain...

or call +254 710 678324
or email: [email protected]



What is Capital Gains Tax (CGT)?

CGT is tax that is levied on transfer of property situated in Kenya, acquired on or before January 2015. It is declared and paid by the transferor of the property.

What is the capital gain tax Rate?

The rate of tax is 5% (15% from 1st Jan 2023) of the net gain.
Net Gain is Sales Proceeds minus the Acquisition and Incidental cost
CGT is on gains arising from sale of property.

How do I pay for Capital Gains Tax?

CGT is due on or before transfer of property but not later than the 20th day after the transfer.
Payment should be initiated online via iTax.

Timestamps
0:00 CGT intro
1:09 What is capital gains tax
1:59 what constitutes transfer of property
3:22 Exceptions for capital gains tax
9:43 computation of capital gains tax
11:41 net transfer value of property
13:00 Adjusted cost of property
15:02 capital gains tax rate
17:10 When is tax paid
17:52 seek help

The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. This video is designed for entertainment and information purposes only. Viewing this video does not create an accountant-client relationship. You should not act or rely on any of the information contained herein without seeking professional consultation.

ClearTax consultancy