Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Capital gains tax hits record Sh8.38bn
Data by the Treasury shows that collections from the Capital Gains Tax (CGT) rose by 20.6 percent to Sh11.05 billion in the half-year to December 2024.
Taxes collected from financial deals including sale of land, houses, and shares in privately held firms grew by nearly 50 percent to a record Sh8.38 billion in the financial year that ended June,30,2024, buoyed by a tripled rate of the levy.
Capital Gains Tax (CGT) is the levy investors pay on profits—or gain—made when they sell, give away or dispose of an asset, such as shares or property.
