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  • New Capital Alloweances Rates Effective 25th April 2020

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    BENSON NGARI
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    The document outlines new capital allowances rates in Kenya effective April 25, 2020. It provides the capital allowance component, exclusions from allowances, and rates for the first and subsequent years. Key allowances include: Investment Deduction at 50% for the first year and 25% annually reducing balance thereafter; Industrial Building Deductions at 10% each year; and Wear and Tear Allowance ranging from 10-25% annually reducing balance depending on the class of asset.

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    New Capital Alloweances Rates Effective 25th April 2020 (1)

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    The document outlines new capital allowances rates in Kenya effective April 25, 2020. It provides the capital allowance component, exclusions from allowances, and rates for the first and subsequent years. Key allowances include: Investment Deduction at 50% for the first year and 25% annually reducing balance thereafter; Industrial Building Deductions at 10% each year; and Wear and Tear Allowance ranging from 10-25% annually reducing balance depending on the class of asset.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    New Capital Alloweances Rates Effective 25th April 2020

    Uploaded by

    BENSON NGARI
    The document outlines new capital allowances rates in Kenya effective April 25, 2020. It provides the capital allowance component, exclusions from allowances, and rates for the first and subsequent years. Key allowances include: Investment Deduction at 50% for the first year and 25% annually reducing balance thereafter; Industrial Building Deductions at 10% each year; and Wear and Tear Allowance ranging from 10-25% annually reducing balance depending on the class of asset.

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    © All Rights Reserved
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    NEW CAPITAL ALLOWEANCES RATES EFFECTIVE 25th APRIL 2020

    By MR. P KAMURE
    CAPITAL COMPONENTS AND RATES
    ALLOWANCE EXCLUSIONS 1 YEAR (from FROM 2nd YEAR
    st

    25th April 2020)


    Investment Deduction • This include items
    (ID), Farm work previously granted
    Deduction (FWD), these capital
    Mining Allowance allowances 50% 25% P.a Reducing
    (MA), Shipping • Aircrafts are new balance
    Investment Deduction additions
    (SID) and Aircrafts

    Others-Hotels,
    Hospitals and its
    Equipment

    • This include Shops,


    Industrial Building Offices, showrooms 10% 10% p.a Reducing
    Deductions (IBD) and others balance
    previously granted
    Others-Hostels and IBD
    Education Buildings • This exclude factory
    buildings which is
    purely ID now
    • Class 1,2 and 3 25% p.a Reducing
    balance
    • This Include
    software 25%
    • Saloon cars and
    SUV’s New limit is 3
    Wear And Tear Million
    Allowance (WTA) • This exclude
    aircrafts and Ships
    • Class 4 10% 10% p.a Reducing
    • Telecommunication balance
    Equipment

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