ACCOUNTANTS want the government to review the Capital Gains Tax guidelines to make it “business friendly” and prevent a slump in the property market.

Under the umbrella body Institute of Certified Public Accountants, the lobby group said CGT which was reintroduced after an amendment to the 2014 Finance Act is the same as it was in the Act that existed in 1985. CGT had been suspended in Kenya since 1985 to encourage investment in real estate sector as well as the stock market.

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