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...