Ngumo NERA
When dealing with real estate in Kenya, understanding the tax landscape is crucial for both buyers and sellers. Here are the key points to consider:
Property sellers are subject to a 15% tax on the profit they make from the sale.
Buyers must pay this mandatory tax, which typically ranges from 2% to 4% of the property's value, to register the title in their name.
Individual landlords pay a final tax of 7.5% on their gross residential rental income, with returns filed on a monthly basis.
The government has specific regulations and systems for tax payment and filing that must be followed to avoid penalties.
At Terra Estate, we are committed to transforming your dreams into tangible properties. Our experienced team understands the intricacies of the Kenyan real estate market, providing you with personalized solutions that surpass your expectations. Whether you are looking to buy, sell, or invest, our expertise ensures you receive professional and reliable service every step of the way.
Ngumo NERA
Delightful 2BR Guesthouse in the serene quiet of Hardy Estate Karen. Self-contained with own garden and parking area. It is within a gated community of 3 houses with perimeter wall, CCTV, and all day and night security guard, and backup system.
