Impact of Tripling Capital Gains Tax on Property Sales in Kenya Effective January 1, 2023
Impact of Tripling Capital Gains Tax on Property Sales in Kenya Effective January 1, 2023 The Finance Act of 2022 amended the Income Tax Act, increasing the rate of capital gains tax (CGT) from 5% to 15%, effective January 1, 2023. This change impacts property transfers in Kenya, applying to properties acquired on or before […]
Costly Mistakes to Avoid When Purchasing Property in Kenya
Costly Mistakes to Avoid When Purchasing Property in Kenya Money Matters Don’t send money directly to the seller or their advocate unless advised by your qualified advocate. Don’t pay the whole amount at once. Deposits should be at least 10%. Don’t pay in hard cash! Always ensure there’s a money trail. Not Having Your Own […]
Fees, Costs, and Taxes Payable When Buying Land or Houses in Kenya (Conveyancing)
Fees, Costs, and Taxes Payable When Buying Land or Houses in Kenya (Conveyancing) Buyer’s (Purchaser) Costs Purchase Price Unless advised otherwise by your qualified advocate, let a qualified advocate hold all funds as a stakeholder, not an agent, or jointly by both parties, or by a third party in an escrow account. The purchase price […]
WKA Advocates’ Guide to Avoiding Pitfalls When Buying Land or a House in Kenya
WKA Advocates’ Guide to Avoiding Pitfalls When Buying Land or a House in Kenya Don’ts Don’t send money directly to the seller (vendor) or their agent unless advised by your advocate. Avoid paying in hard cash to ensure there is a money trail. Don’t buy or sell/lease land or apartments without involving a qualified advocate. […]
3 Bills Rejected!
3 Bills Rejected! President Uhuru Kenyatta rejected the Information Communication Technology Practitioners Bill (ICT), 2020. Sections of Kenyans urged Cabinet Secretary Joe Mucheru to advise President Kenyatta against signing the bill, stating it would undermine players in the sector. The contentious bill sought to require all local ICT practitioners to be licensed and registered by […]
President Kenyatta Announces 12% Minimum Wage Increase for Kenyan Workers
President Kenyatta Announces 12% Minimum Wage Increase for Kenyan Workers The Employment (Amendment) Act 2022 was signed into law on April 4, 2022, by His Excellency the President of Kenya. The following changes took effect on April 22, 2022. Key Changes: Streamlined Job Application Process: Employers will no longer require job applicants to produce clearance […]
DOES YOUR LAWYER TALK TO YOU? DO YOU UNDERSTAND?
Communicating Effectively with Clients: Simplifying Legal Opinions Our clients, most of whom are not lawyers, often perceive that lawyers use complex language. This perception is why law schools now emphasize the use of plain English, an area where many lawyers struggle. Having worked both in a law firm and as in-house counsel, I have had […]
A GUIDE TO ANNUAL LEAVE IN KENYA: Entitlement, Accrual, Carrying over and Forfeiture
This article seeks to shed light on Section 28 of the Employment act of Kenya (“the Employment Act”) which donates the statutory right to annual leave to Employees. In fact, in my former role as an in house counsel, I discovered that most employees are not aware they are entitled to take leave for at least two […]
Do You Know Your Role in a Construction Project?
Do You Know Your Role in a Construction Project? “We shape our buildings; thereafter they shape us.” – Winston Churchill Introduction Kenya has witnessed numerous instances of collapsing and sinking buildings over the last decade, resulting in the loss of lives and significant economic investments. Additionally, many buildings continue to be condemned by the National […]
A Comprehensive Guide to Annual Leave in Kenya: Entitlement, Accrual, Carrying Over, and Forfeiture
A Comprehensive Guide to Annual Leave in Kenya: Entitlement, Accrual, Carrying Over, and Forfeiture By Admin | May 27, 2022 This article aims to clarify Section 28 of the Employment Act of Kenya (“the Employment Act”), which grants employees the statutory right to annual leave. In my previous role as in-house counsel, I found that […]