Capital Gains Tax is levied on gains accrued from the transfer of property or shares. This tax applies to gains made on or after January 1, 2015, for property in Kenya and from July 1, 2023, for shares in foreign entities deriving value from Kenyan immovable property. A transfer includes the sale, exchange, conveyance, or any disposition of property, whether for consideration or not.
Rate of Tax: 15% of the net gain, which is calculated as the sales proceeds minus acquisition and incidental costs.
Date of payment:
The due date for CGT payment is the earlier of receiving the full purchase price or registering the transfer instrument.
Exemptions
Transfers between spouses, issuance of company shares, and transfers for debt or loan purposes.