Building on our understanding of real estate taxes, let’s dive deeper into some additional taxes that property owners, sellers, and investors need to know about. These include capital gains tax, land rent, and rental income tax. Capital gains tax Capital gains tax is a tax levied on the net profit made from the transfer of capital assets such as land, buildings, or shares. It is governed by the...
The Real Estate market in Kenya is booming, and one of the most common challenges is understanding the Kasongo (Taxes) involved when buying, selling, or investing in real estate. It is crucial to understand the taxes and fees involved before making any transaction. These costs help ensure legal compliance, prevent unexpected expenses, and enable informed decision-making. Let’s explore the key taxes the...