Business Daily·3 min read·medium
Warehouse developer gets Sh228m boost on Finance Act relief
C
Charles Mwaniki
✦AI Summary
Africa Logistics Properties (ALP) has avoided a Sh228 million stamp duty charge by transferring properties into its newly listed Real Estate Investment Trust (Reit). This move was made possible by a tax exemption provision in the Finance Act 2026.
Warehousing developer Africa Logistics Properties (ALP) has been spared a Sh228 million stamp duty charge after it moved its property into its recently listed real estate investment trust (Reit), riding on the provision of the Finance Act 2026, which exempted such transfers from the levy.
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