Finance

by Ian Njathi

What You Need To Know About Rental Income Tax in Kenya

By Ian Njathi (LL.B., LLM, Dip in Law) 1. What is rental income tax? 1.1. Rental income refers to the usually fixed periodical payments made by a tenant or occupant of property to the owner or landlord for the possession or use of the property. The income, for the purposes of tax could form part of the core business of a resident or could be incidental to the core business of the person. If...

by Quincy Kiptoo

THE DOCTRINE OF THE BONAFIDE PURCHASER FOR VALUE WITHOUT NOTICE

By Quincy Jesse Kiptoo LL.B. (Hons), CPM, Dip in Law and Tabitha Ayiera LL.B., Dip in Law “They (Thuos) did nothing wrong. They (Thuos) are merely victims of a fraudster; in fact, they are vicarious victims to the fraudster because they never saw nor dealt with him. It is the other parties (BPVWN) to the cases who were directly “victimized.” Yet, through the operation of the law, these...

by Boaz Kaawe

A BRIEF ON THE MAKING WILLS AND LAST TESTAMENTS IN KENYA

A BRIEF ON THE MAKING WILLS AND LAST TESTAMENTS IN KENYA INTRODUCTION   A will is a legal proclamation by an individual normally referred to as a testator/testatrix, stipulating how his/her property should be disposed off, how he/she would like to be buried and also laying out any other wishes he/she may want fulfilled upon his/her death. In other words it’s the aggregate of a person’s...