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Rising land, shares tax receipts signal property uptick

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Business Daily | by Constant Munda


Taxes collected on the transfer of real estate and shares in privately-held firms in the six months ended December rose 16.16 percent, signalling an uptick in earnings from property deals.

Tax receipts from property transactions amounted to nearly Sh8.76 billion in the review period compared with Sh7.54 billion a year earlier, National Treasury data shows…

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