Business

Purchasing land in Kenya incorrectly can result in investing in the wrong thing. Here are some things to consider before purchasing land. The adage "buy land, they are not making it anymore" is probably familiar to you. which is accurate. The majority of land purchasers do so primarily as an investment in something they can start from zero and reap the rewards of. It might end up being your family's...

If you own rental property in Kenya, there’s an important update you can’t afford to ignore. Starting January 1, 2025, a 7.5% tax on gross rental income will take effect — replacing the current 10% rate, which remains valid until December 31, 2024. This new rate will be final, meaning you can’t deduct costs, losses, or depreciation before calculating what you owe. But that’s not all — the...

Let’s face it—house hunting in Nairobi can feel like a full-time job. Endless listings, conflicting agent stories, and hours spent in traffic chasing yet another “perfect” home that turns out to be a let down. If you’ve been searching for a house in popular areas like Kilimani, Kileleshwa, Lavington, or Westlands, you already know the drill: high demand, rising prices, and a maze of options that...

What makes Westlands Nairobi's most coveted residential hub? Is it the seamless blend of luxury, convenience, and opportunity? Or perhaps it’s the neighbourhood’s ability to attract both local and global interest? This comprehensive overview unpacks the key reasons behind Westlands’ rise to prominence in Nairobi’s real estate market. A Prime Address with Unmatched Appeal Westlands, an upscale...

Real estate is a preferred investment due to its consistent returns, which are not heavily influenced by market fluctuations. To make it a successful venture, an investor must first understand the current government tax laws. This article examines the various real estate taxation systems in Kenya. The majority of real estate investments in Kenya are residential and commercial. Both are profitable...

With the Kenyan government under pressure to build more homes under the 'affordable housing scheme' project, new construction properties are popping up everywhere. Along with the increase in newly built homes entering the market, there has been an increase in the number of properties being sold off-plan. What does it mean to buy property off-plan? Is it a good idea? What does "buying off-plan"...

Are you looking for advocate representation? Not sure what type of assistance a property advocate should provide? Here are some suggestions to help you find the right one. You've probably heard the common misconception that the legal aspect of owning property in Kenya is a simple process. Incorrect! Property investment is important because you want to make good decisions with your money. As a result,...

KRA penalties are punitive to discourage taxpayers from tax evasion. KRA property data collection is aimed at weeding out non-compliant landlords. Starting January 1, 2024, there will be a 7.5% final tax on all rent received. However, the rate is 10% until December 31, 2023. You cannot deduct any expenses, losses, or capital gains from your rent. The KRA data collection exercise seeks to collect...