The ever-evolving Kenyan real estate landscape has been profoundly reshaped by the Sectional Properties Act 2020. This landmark legislation revolutionized the registration and management of sectional developments.
Real Estate
Explore the recent Tax Appeals Tribunal (TAT) decision exempting real estate agents providing financial services from VAT on commissions. Unveiled on November 24, 2023, this ruling has profound implications for investors, agents, and regulators. Learn about the direct cost savings for investors, the competitive landscape for agents, and the decision's impact on regulatory clarity.
Discover how solar power is revolutionizing Kenya's construction industry, offering sustainable solutions and economic benefits. From innovative design practices to government incentives, explore the key elements shaping a greener future for construction in Kenya.
Kenya's EAPC Plc case embodies the intricate interplay of property rights, public interest, and legal principles. As we navigate this complex terrain, understanding the government's role, the importance of legal obligations, and the critical balancing act in land acquisition becomes paramount. It's not just about property; it's about equitable and sustainable development in Kenya.
Estate planning is the process of arranging for the management and distribution of assets after an individual's death or incapacitation. It is an essential aspect of financial security in Kenya, as it can help to minimize estate taxes, gift taxes, income taxes, and other expenses associated with transferring assets. By carefully planning for the disposal of an estate, individuals can take into account factors such as beneficiaries, taxes, and personal goals.
We had the opportunity to conduct an exclusive interview with a group of pensioners who had decided to take advantage of the recently quashed amendment to the Retirement Benefits Act that would have allowed them early access to their savings for purposes of buying a residential house.
In Tanzania, the LUKU System has been adopted as the primary prepaid metering solution for electricity and has been successful in increasing access to electricity for many people across the country. “LUKU” is the acronym of "Lipa Umeme Kadiri Utumiavyo" meaning "Pay for electricity as you need it."
Work permits in Kenya are regulated by the Kenya Citizenship and Immigration Act of 2011 and the regulations thereof.
The law that governs payment of VAT in Kenya is the Value Added Tax Act, 2013 (hereinafter the “Act”).
The Act aims at facilitating the use of moveable property as security by both individuals and corporates and to provide for the registration of security rights in moveable property.