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CENTRAL REGISTRATION OFFICE 1500 Colvin Boulevard Buffalo, NY 14223 (716) 8712090Welcome to the Kenton School District! We are looking forward to working with you as new members of the Kenton school
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How to fill out kra cgt return form
How to fill out kra cgt return form
01
To fill out the KRA CGT return form, follow these steps:
02
Start by entering your personal details, including your name, PIN number, and tax return period.
03
Provide information about the property or asset you are selling, such as the description, location, and date of acquisition.
04
Calculate the cost of acquiring the property, including the purchase price, legal fees, and any other expenses related to the acquisition.
05
Determine the selling price of the property and calculate the capital gain by subtracting the cost of acquisition from the selling price.
06
Declare any allowable deductions, such as expenses incurred for improvements or renovations on the property.
07
Calculate the taxable amount by subtracting the allowable deductions from the capital gain.
08
Fill out the income earned from the sale and other details, such as the withholding tax if applicable.
09
Finally, sign and submit the form to the Kenya Revenue Authority along with any supporting documents.
Who needs kra cgt return form?
01
Anyone who has sold a property or asset and made a capital gain in Kenya needs to fill out the KRA CGT return form.
02
This includes individuals, businesses, and organizations that have disposed of assets and made a profit.
03
It is mandatory to file the CGT return form and declare the capital gain to comply with Kenyan tax laws.
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