Transactional or Real Estate Tax Implications of Buying an Apartment or Conveyancing Transaction for Villa or Property in Kenya

Transactional or Real Estate Tax Implications of Buying an Apartment or Conveyancing Transaction for Villa or Property in Kenya

1. Navigate and decipher the legal aspects of apartment or property ownership in Kenya.
2. Understand property taxes, statutory fees, and transactional costs.

1. Stamp Duty:
   • Paid to KRA (www.kra.go.ke).
   • 4% of the sale price in municipalities.
   • 2% of the sale price in rural areas (upcountry).
2. Real Estate and Conveyancing Stamp Duty Exemptions:
   • Transfer of land to charitable organizations as gifts.
   • Transfer of property between spouses or family members.

1. Capital Gains Tax (CGT):
   • Charged at 15% of the net gain upon the transfer of property.
   • Payable by the seller or corporate entity transferring the property.
2. Land Control Board Consent and Land Rates:
   • Sellers must secure Land Control Board Consent and settle land rates.

• Handling complex real estate transactions and tax calculations.
• Ensuring compliance with Kenya’s property laws and regulatory frameworks.
• Providing tailored legal advice for Kenyan investors, Diaspora investors, foreigners, and expats.

• Expert guidance on legal documentation.
• Accurate property tax calculations, including stamp duty and capital gains tax.
• Support through every step of the conveyancing process.

• Kenyan investors securing property in Nairobi or beyond.
• Diaspora investors looking to invest in Kenya’s real estate market.
• Foreigners and expats navigating Kenyan property laws for the first time.For expert guidance and trusted legal representation, contact WKA Advocates—your go-to legal partner for real estate, conveyancing, and infrastructure projects in Nairobi, Kenya.