The government should remove the 10 per cent rental income tax due on residential buildings to ease the burden on landlords – ISK
The government should remove the 10 per cent rental income tax due on residential buildings to ease the burden on landlords, Institution of Surveyors of Kenya (ISK) has said.
The institute says that would prompt landlords to pass on the benefits to tenants, most of whom are facing a torrid time due to the coronavirus pandemic.The government should also reduce value-added tax (VAT) on commercial buildings. There has been an outcry from the public overpayment of rent as the economic slowdown renders a lot of them unable to honour payments.
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