ADVOKS GLOBAL · KENYA
Stamp Duty Act
96A. Exemption of stamp duty on the transfers relating to real estate investment trust
Edition: 2026-07-01 · In force
96A. Exemption of stamp duty on the transfers relating to real estate investment trust
(1)This section applies only to real estate investments trusts authorized under the Capital Markets Act (Cap. 485A), in respect of which it is shown to the collector—(a)that the effect thereof is to convey or transfer a beneficial interest in property from one trustee to another trustee or to an additional trustee;(b)that the effect thereof is to convey or transfer a beneficial interest in property from a person or persons for the transfer of units in the real estate investment trust; or(c)that the effect thereof is to convey or transfer a beneficial interest in property from a person or persons to the real estate investment trust.(2)No Stamp duty shall be chargeable on an instrument relating to the matters referred to in subsection (1).(3)An instrument to which this section applies shall be deemed to be duly stamped where it has, in accordance with the provisions of section 17, stamped with the particular stamp denoting that it is not chargeable with any duty.(4)The exemption for instruments to which paragraph (1)(b) applies shall only have effect in respect of instruments executed before the 31st December, 2022.(5)For the purposes of this section—"additional trustee" means a new trustee appointed to an existing real estate investment trust."trustee" means a person appointed under a trust deed as a trustee of a real estate investment trust or otherwise so appointed by the court or pursuant to regulations made under the Capital Markets Act (Cap. 485A).