On 21 June 2022, Kenya’s President signed the Finance Act, 2022 into law (the Act). The Finance Act of 2022 amended the Income Tax Act (ITA) by raising the capital gains tax (CGT) rate from 5% to 15%. The tax, which went into effect on Monday, January 2, is expected to impact Kenyan real estate investments and private equity deals. What is (CGT) Capital Gains Tax? Capital Gains Tax is tax imposed on...
Knight Frank Kenya Ltd Founded in 1896 and headquartered in London, UK, Knight Frank is the world’s largest privately owned global property agency with an expanding network of over 384 offices in 51 territories. Established in March 1998, Knight Frank Kenya has over 20 years of experience and is renowned for marketing some of the best properties in Kenya. With a growing team of 160 experienced...
The first thing that probably pops into your mind when you hear the word “corporate housing” is a businessperson decked out in their professional suit, briefcase in one hand and a plain black suitcase in the other, obviously on a business trip and checking into an apartment. Corporate housing isn’t just for working professionals, it also provides those looking for a short-term rental, whether...
Real Estate practice like any other profession is bound by a number of regulations some that are in the property law in kenya pdf. To be enlisted along the list of registered real estate agents in kenya one need to comply with the kenya real estate developers regulatory board, Estate agents registration board (EARB) amongst other. Constitution of Kenya 2010 The Constitution of Kenya, being the supreme...
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