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{
    "id": 851771,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/851771/?format=api",
    "text_counter": 276,
    "type": "speech",
    "speaker_name": "Sen. Murkomen",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 440,
        "legal_name": "Onesimus Kipchumba Murkomen",
        "slug": "kipchumba-murkomen"
    },
    "content": "Therefore, in calculating how much is going to be paid, those are some of the factors that must be put into consideration, and this is the reason; it will deter such practices. If you impose or force and say that the rates you should have been paying is this much in this area, there is nothing wrong with the Kenya Revenue Authority (KRA) coming after you to ask for rates for that land for the many years before. This is because you have exaggerated the value of that property. Clause 6(4) states- ―In assessing the value of freehold land and determining the just compensation to be awarded for land acquired under this Act, an increase in the value shall be disregarded if— (a) the increase in the potential value of land is occasioned by the intended use or development of the land to be acquired;‖ As the result of that development, the value of land will go up. You cannot, therefore, speculate that as a result of this development coming up, you want to ask for the value of the land, which is a result of the development and the basis of compulsory acquisition. Clause 6 (4) (b) states- ―The increase in the actual value of the land as at the date of publication of the notice of intention to acquire is likely to accrue from the use to which the land will be put when acquired;‖"
}