Capital gains tax is a subject that impacts investors and taxpayers. It sits at the intersection of economic theory, public policy, and personal finance, sparking intense debate among lawmakers, economists, and taxpayers. As global markets evolve and wealth generation become increasingly diverse, understanding the nuances of capital gains tax is more crucial than ever. At its core, capital gains tax is imposed on the profits realised from the sale or transfer of property. As per the Kenyan Income Tax Act, the definition of the term property encompasses land and every description of property, shares and comparable interests among others. The…