Nairobi, June 7 -- The REITs Association of Kenya (RAK) has noted recent submissions by the Institute of Public Finance (IPF) and commentary attributed to the Kenya Human Rights Commission (KHRC) to the National Assembly Departmental Committee on Finance and National Planning, to the effect that the exemption of Real Estate Investment Trusts (REITs) from capital gains tax (CGT) under the Finance Bill 2026 "favours wealthy individuals" and "presents a tax loophole for the wealthy".

The association respects the important watchdog role that the IPF, the KHRC, and other civil society institutions play in scrutinising fiscal policy and shares their commitment to a progressive tax system that protects low-income earners.

However, the associat...