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Fears of higher rents amongst Kenyans over capital gains tax return

President Uhuru Kenyatta

NAIROBI, KENYA: Tenants have been asked to brace for higher rents after the reintroduction of capital gains tax on the real estate sector through the Finance Act 2014.

Tax experts believe landlords will pass the new 5 per cent tax to their tenants as they try to protect their margins.

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