Taxes on land, house sales hit Sh12.5bn in nine months

A sign post advertising land for sale in Kieni on July 22, 2015. PHOTO | JOSEPH KANYI

Taxes collected on transfer of real estate and shares in privately-held firms for nine months through last March rose 8.11 percent, pointing to a modest uptick in earnings from property deals ahead of tripling of the charges.

Tax receipts from property transactions amounted to nearly Sh12.53 billion between July 2021 and March 2022 compared with Sh11.59 billion in the same period in the prior year, according to latest data from the National Treasury.

PAYE Tax Calculator

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