3. Idle Land Taxation Policy 2018

The proposed Policy sought to levy takes on idle land to deal with speculation of land which leads to artificially high prices of land.

Quick Link: https://www.businessdailyafrica.com/bd/economy/tax-on-idle-land-to-be-introduced-2197930

· The Ministry of Lands sought to introduce the Idle Land Taxation Policy 2018 which would in effect have introduced property taxes on idle land.[1] The policy had incentives to promote the use and productivity of land while discouraging hoarding of land for speculation purposes through a package of disincentives, thereby leading to an increase in land prices which in turn leads to escalation of house/property prices.

· The Policy was however not progressed, since it was not introduced to Parliament (National Assembly and Senate). There is a need to revisit this.

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[1] <https://nation.africa/kenya/news/idle-land-to-be-taxed-in-new-ministry-bill-32026 >