AG Muigai asks court to dismiss case on property gains tax

Attorney General Githu Muigai argues that stockbrokers have not shown the court that the contested taxes were being charged. [PHOTO: BONIFACE OKENDO]

NAIROBI: The Attorney General Githu Muigai has asked the High Court to dismiss the case filed by stock brokers over capital gains tax (CGT), saying the case is not based on factual occurrences.

The AG in his grounds of opposition filed before High Court judge Mumbi Ngugi argues that the court cannot entertain a case filed on basis of belief adding that stockbrokers did not show to the court that in fact the contested taxes were being charged and it was impossible to deduct the monies from the investors.