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Blog - Real Estate, Banking & Finance

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Taxation of Real Estate in Kenya

Real Estate, Banking & Finance

Taxation Of Real Estate In Kenya

The Kenya Revenue Authority (KRA) recently launched its 8th Corporate Tax Plan with key focus being the implementation of the Tax Base Expansion strategy which seeks to recruit new taxpayers....

Tax Alert: Withholding Tax on Rental Income

Real Estate, Banking & Finance

Tax Alert: Withholding Tax On Rental Income

Section 35 (1)(c) of the Income Tax Act provides that any person making payment to any non-resident person is required to withhold tax on payments of rent, premium or similar consideration for the use...

Sectional Properties Act

Real Estate, Banking & Finance

Sectional Properties Act

Pursuant to a notice issued by the Ministry of Lands and Planning (“MOLPP”) on 9th May 2021, long term leases supported by architectural drawings shall no longer be registered with effect from 10t...

Salient Features of the Sectional Properties Act, 2020

Real Estate, Banking & Finance

Salient Features Of The Sectional Properties Act, 2020

The Sectional Properties Act, 2020 laws of Kenya (the “new law”) has effectively repealed the Sectional Properties Act of 1987, laws of Kenya (the “repealed law”)....

Notification of Conversion - A Shift From ‘Land Reference Numbers’ To “Parcel Numbers”

Real Estate, Banking & Finance

Notification Of Conversion - A Shift From ‘land Reference Numbers’ To “parcel Numbers”

For foreigners who wish to visit Kenya for various reasons either business visits, family visits or tourist vists they can now apply for their visas (Evisa) online. The Evisa must be applied for and a...

Temporary closure of Nairobi and central registries at Ardhi House

Real Estate, Banking & Finance

Temporary Closure Of Nairobi And Central Registries At Ardhi House

The Ministry of Lands and Physical Planning has issued a Public Notice stating that the Nairobi and Central Registries located at Ardhi House shall be temporarily closed between Monday 24th February 2...

The Affordable Housing Relief Takes Effect

Real Estate, Banking & Finance

The Affordable Housing Relief Takes Effect

Through the Finance Act 2019; Head A of the Third Schedule to the Income Tax Act was amended. The amendment will allow buyers to get a relief of 15% of gross contributions capped to KSh. 108,000 per y...


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