Nairobi, June 3 -- Human rights advocates want Parliament to reject the Treasury's proposal to exempt capital gains tax-charged at 15 percent on net gains-on transfers of property to real estate investment trusts (REITs).

REITs are pooled funds investing in property development or ownership, allowing investors partial ownership in the form of units (shares), which they can trade.

The Kenya Human Rights Commission (KHRC) told the National Assembly's Finance and National Planning Committee that the proposed exemption of capital gains tax on transfer of property to REITs raises significant concerns relating to revenue protection, tax equity, and avoidance risks within the tax framework.

The Treasury has proposed in the Finance Bill 2026 t...