×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

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.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in