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{
    "id": 804831,
    "url": "http://info.mzalendo.com/api/v0.1/hansard/entries/804831/?format=api",
    "text_counter": 109,
    "type": "speech",
    "speaker_name": "Hon. Kimunya",
    "speaker_title": "",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "Thank you, Hon. Speaker. I wish to confirm that indeed the Report of the Committee was tabled before this House and for those who were interested; we took the time to pick and read it. I stand to support the proposed amendments to the Tax Laws (Amendment) Bill 2018. I will start with the one issue that affects each one of us, especially our young children and those who come after them. This is the issue of home ownership. Today, if you bought a House, you would pay 5 per cent stamp duty regardless of whether it is your first time to buy a house or you are trading. The stamp duty depends on where the house is. It is 2 per cent or 5 per cent in different areas. This Bill proposes to remove that for first time home owners. With escalation in house prices, this can only mean one thing; that those who are buying houses… Most of you may not be eligible because you have already bought your houses. But the Kenyans out there who now need to get incentives to own houses will now find a discount there, courtesy of this Bill, of the amount that has been taken by the stamp duty. From that point of view, I support that and The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}