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15% Capital Gains Tax

15% Capital Gains Tax

The finance Act of 2022 amended the Income  Tax Act [ITA], by increasing the rate  of capital gains tax [CGT] from 5% to 15%. The tax took effect from 1st  January 2023. The capital Gains Tax [CGT] is a tax that applies to the sale or transfer of property located in Kenya that was acquired on or after January 2015.

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