The Capital Markets Authority highlighted some points about the recently passed Finance Act that enhance the investment climate in Kenya. These include;
- Removal of capital gains tax (CGT) on the transfer of securities traded on any licensed securities exchange.
- Allowing a company introducing shares through listing to pay 25% corporate tax for 5 years.
- No stamp duty on the transfer of property to a Real Estate Investment Trust (REIT) till after year 2022.
- Asset-Backed Securities (ABS) are exempted from paying stamp duty on securitization transactions.
Great Move, Lets hope this will increase the desire to invest
Pingback: STANLIB Fahari Income REIT Launched | Bankelele