KRA nets Sh15bn on property, shares sale amid fight with tycoons

KRA accuses some companies of underpaying CGT in 2022 for deals completed in 2023 when the higher rate had been enforced.

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Tax receipts from the sale of land, houses and shares in private companies rebounded to grow 40.39 percent in the nine months through March, signalling increased transactions in real estate and private equity.

The Kenya Revenue Authority (KRA) received Sh15.63 billion in capital gains tax (CGT) in the review period compared with Sh11.14 billion a year earlier, the Treasury says in the latest update on revenue performance.

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Note: The results are not exact but very close to the actual.