Tax capital gains to raise Sh7.47 billion, Budget Office tells MPs

A key parliamentary committee is planning to raise money for the budget by taxing profits from sale of land, houses and even shares in the stock market.

The Members of Parliament (MPs) of the Budget and Appropriations Committee will take the final decision on these taxes next week just before their colleagues in the Finance, Planning and Trade put the final changes to the Finance Bill on the floor of the House.