Building upon the foundational insights shared in our previous article, we explore additional strategies for enhancing the value of your land while holding onto it. In this continuation, we explore additional measures to elevate your property's desirability and market worth.
Maximising property value is an essential activity in land ownership. Whether you've recently acquired property or have been holding onto it for some time, strategic value addition can significantly enhance its worth. This article will discuss a few strategies for optimising land value while holding it.
When buying land, the completion pack is a crucial set you should receive from the seller to affect the transfer of the title to your name. . These documents serve as proof that due process was followed. . Here's a detailed look at what you can expect to find in a completion pack:
Understanding the documents involved in land transactions is crucial for ensuring a secure investment. One important document is the Registry Index Map (RIM). While a title deed is commonly known to show ownership, the RIM holds significant importance in verifying the physical existence and precise location of the property within the boundaries of Kenya.
Understanding capital gains tax is essential for anyone involved in property transactions. This tax impacts your net profits and plays a significant role in the transfer process. Here's a comprehensive overview of Kenya's capital gains tax on land transactions.
Is there any limit to how much land one can own? The answer, legally speaking, is no. There are no restrictions on how much land an individual or corporation can own in Kenya.
In our previous article, we emphasised the crucial role of the Land Control Board in regulating land transactions in Kenya. We now delve into the practical steps of engaging with the Land Control Board.
When it comes to land transactions in Kenya, a comprehensive approach is necessary. While the initial stages involve land identification, due diligence, and legal consultation, a pivotal player is attendance of the Land Control Board meeting. This article delves into the crucial role of the Land Control Board, which oversees land transactions, particularly freehold land. These boards are not just another entity in the process; they are the guardians of transaction integrity, ensuring that every step is taken with utmost care.
When buying or selling property, you must understand stamp duty. This tax, levied by the Kenya Revenue Authority (KRA), applies to all properties changing ownership within the country. Whether purchasing land from a company or an individual, you are legally obligated to pay a percentage of the transaction amount as tax.