What You Need to Know About Affordable Housing in Kenya
Kenya’s President Uhuru Kenyatta launched the Big Four housing agenda which has so far been a good promise to Kenya’s needful housing sector. Launched in after the last elections, below are the steps the government has taken towards the achievement of the goal.
A 15% corporate tax relief which the government has allowed for developers who put up at least 100 affordable residential houses annually.
The Income Tax Act has also seen amendments signed into law that will allow buyers to get a 15% tax relief to a maximum of KSh. 108,000 per year or KSh. 9,000 per month under the newly introduced Affordable Housing Relief section.
SOURCE: EstateCloud Kenya.