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Anxiety in financial sector over revived capital gains tax

Finance cabinet secretary Henry rotich during their meeiting with senate finance commitee at KICC (BEVERLYNE MUSILI)

Anxiety has gripped the financial sector following the passage into law of the Finance Bill, which among others, provide for a five per cent capital gains tax (CGT).

This comes after National Treasury Cabinet Secretary Henry Rotich made an announcement to tax proceeds from the commercial transfer of properties and shares of listed companies.

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