Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 954999,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/954999/?format=api",
    "text_counter": 183,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "There is also a proposal to increase capital gain tax. Currently, capital gain tax is at 5 per cent. This Bill is proposing to raise that to 12.5 per cent under Clause 9. For the Members who are not well conversant with this capital gain tax, if you buy land or a house now and you are in the business of buying and selling, when you sell you are required to declare that having bought it for, say, Kshs1 million and now you are selling at Kshs1.2 million, you have gained Kshs200,000 and so you are supposed to pay 5 per cent of that. That is the current situation. However, this Bill is now proposing to move it to 12.5 per cent. At a later stage, we will be proposing some other view which if the House supports then we will be okay with it."
}