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Property scene KRA eyes higher capital gains tax on land deals
KRA eyes higher capital gains tax on land deals

The Kenya Revenue Authority (KRA) will push to raise the capital gains tax on land if lobbying to adjust buying cost for inflation (indexation) bears fruit, a commissioner said on Wednesday. Indexation means adjusting the cost, mostly upward, reducing the gain tax liability for buyers who acquired land at what today sounds ridiculously low price. See moreā€¦