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"..The increase of CGT from 5% to 15% might hurt investor confidence in the property market. Halfway through 2022, reports from Hass Consult and the media have shown that demand for land and property... The property market is heading for unchartered waters. The Finance Act 2022 presents new and unique challenges for key stakeholders in Real Estate. Specifically, the Act seeks to triple capital gains tax (hereinafter referred to as ‘CGT’) from 5% to 15%.
The firm has relocated from the Old Mutual Building in the Central Business District of Nairobi where it operated for more than twenty years to its new ultra-modern premises at Alta Towers, Ring Road Kilimani, in the Kilimani area.
"..the burden of proof in any case…lies with the party who desires any court to give judgment as to any legal right or liability; (it) is for that party to show the facts which he alleges his case depends upon exist... A 14 year legal dispute culminated in a January 2020 decision of the Court of Appeal at Nairobi. This was in Board of Governors St. Mary’s School v Boli Festus Andrew Sio [2020] eKLR where the firm of Nyiha, Mukoma & Company Advocates represented the Appellant.
Are witnesses truly independent in your jurisdiction? Global commerce is by its nature a complex beast, and it is inevitable that sometimes disputes arise between companies doing business across the world.
©Nyihamukoma & Co Advocates 2023. All rights reserved.
©Nyihamukoma & Co Advocates 2023. All rights reserved.