Tag: cgt
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Capital Gains Tax in Kenya: What it is charged on, How it is calculated and Who pays it
Introduction Capital Gains Tax (CGT) was introduced in Kenya in 1975 but was later suspended in June 1985. The tax was subsequently reintroduced by the Finance Act of 2014 which amended the Eight Schedule of the Income Tax Act cap 470 Laws of Kenya (Income Tax Act), with effect from 1st January 2015 at the…