Capital Gains Tax exemptions

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Capital Gains Tax (CGT) Exemptions
These include;
• Income that is taxed elsewhere as in the case of property dealers;

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• Disposal of property for purpose of administering the estate of a deceased person;
• Transfer of property between spouses as part of divorce settlement;

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• A private residence if the individual owner has occupied the residence continuously
for the three-year period immediately prior to the transfer;
• Marketable Securities;

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• Vesting of property to a liquidator or receiver;
• Sale of land by individual where the proceeds is less than Kshs. 3 Million;

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• Agricultural property having an area of less than 100 acres where, that property is
situated outside a municipality or an urban area;

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• Transfer of securities traded at NSE;
• Transfer of property for securing a debt/loan;

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• Issuance by a company of its own shares and debentures and
• Transfer of machinery including motor vehicles

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The End