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Tax Alert: TAT rules: converting land from residential to commercial use may result in a capital gain as the value of the land use increases. Blandina v URA

Tax Alert: TAT rules: converting land from residential to commercial use may result in a capital gain as the value of the land use increases. Blandina v URA

The ruling is in respect of an application challenging an assessment of capital gains tax and rental income tax totaling to Shs. 99,26,576 arising from applicants purported disposal and rent of property.

Please download the full pdf to read the full ruling

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