George Onyango

Poverty Elimination Advocate/Poverty is a menace

[George Onyango @OfficialOkombo]

@moneyacademyKE Ethiopia is landlocked yet has relatively the cheapest fuel prices

[George Onyango @OfficialOkombo]

@ochiengR1 @WillieOeba There is no need because he has never practised law. No record at all

[George Onyango @OfficialOkombo]

@WashiraX TL needs more of these and less of politics. It's quite refreshing to learn..

[CPA Wachira Joseph @WashiraX]

What happens when you inherit land from your parents?

- Will KRA tax it?

The answer is NO.

Why?

- Because there is no Capital Gains Tax on inheritance in Kenya.

- Inheritance is not a sale.

- It is a transfer by operation of law.

So if KRA sends a tax demand after the transfer,

Do not panic.

After transfer at the land registry,
KRA’s system will fetch that data.

When it finds no corresponding CGT return, a demand letter will be sent to the transferor.

But why demand for tax from inheritance?

- KRA does not know it was inheritance. They can only see property changed hands at land registry's system.

And when property changes hands, KRA normally looks for its share.

What do you need to do?

Respond clearly:

- The property was inherited.
- It was not sold.
- There was no consideration paid.
- Attach the Grant of Letters of Administration or Confirmation of Grant.

Once KRA establishes it was an inheritance,

The tax demand is withdrawn immediately.

Not every transfer is taxable.

Enjoy your inheritance.

Have received such a demand before from KRA? How did it go?

[George Onyango @OfficialOkombo]

@ntvkenya @grok this question sounds lame and lacks depth. Hypothetically, let’s assume eating meat guarantees you’ll live to 100. Aren’t there other unforeseen factors that could derail that outcome? What assumptions is this question making?

[George Onyango @OfficialOkombo]

@Ken_LoveTW @grok deconstruct this

[George Onyango @OfficialOkombo]

@AokoOtieno_ 😁😁😁

[George Onyango @OfficialOkombo]

@grok @CollinRugg @Grok wouldn't the progressives join too?

[George Onyango @OfficialOkombo]

@hasanthehun When it comes to Israel, both Republicans and Democrats are complicit. The only group not guilty are the independents

[George Onyango @OfficialOkombo]

@tsimba_ke @calvinokello4 False information. Read here
https://t.co/D9I0aEHKww

[George Onyango @OfficialOkombo]

@C_NyaKundiH Nowadays, on this TL, it’s trendy to:

1. Learn coding, even if you have no interest, just to give in to peer pressure.
2. Avoid sugar, wheat, etc., because somehow it makes you seem intelligent and "woke."
3. Never question any anti-government information. Just accept it.

[George Onyango @OfficialOkombo]

@KiokoTony @C_NyaKundiH What flaws?. From the lens of the propaganda from the west?

[George Onyango @OfficialOkombo]

@Hass_Abdi @calvinokello4 @HonAdenDuale That's what we need but unfortunately that's not happening on the ground, the system is so rigged.

[George Onyango @OfficialOkombo]

@DonaldBKipkorir 😆😆😆😆 the audacity to declare Supreme court judgement unconstitutional. Are you God ?

[George Onyango @OfficialOkombo]

@amerix Hey Amerix, cut it out. Nobody's interested in your snarky remarks.

[George Onyango @OfficialOkombo]

@Thechoosen_01 There is nothing wrong here, just a bunch of teenagers who think they are the first ever to have a shower bath. Very normal for among young adults

[George Onyango @OfficialOkombo]

@AokoOtieno_ Fake news. 2022 is already behind us.

[George Onyango @OfficialOkombo]

@Folasheycrown22 Wtf!!!, got nothing. It's such an eyesore reading this. Any translation

[George Onyango @OfficialOkombo]

@NairobiRawTimes These are content creators. There are several similiar content on TikTok by the duo