Income tax payable by way of single instalment in the case of realisation of interest in land or buildings is the amount of tax paid once before the Titles are transferred from one person to another. The Registrar of Titles shall not register such a transfer without the production of a certificate from TRA certifying that the single instalment has been paid or is not payable. The seller is required to declare the transfer of interest in land or building by completing form  ITX 204.01.E

(a)      10% of the gain for a resident person

(b)      20% of the gain for a non-resident person

However, the Income Tax Act, provides that an instalment payer shall be entitled to tax credit for a year of income of an   amount equal to the income tax paid by way of single instalment for the year of income

Exemptions

1. a)If the residence has been owned continuously by the individual for three years or more and lived in by the individual continuously or intermittently for a total of three years or more; and the interest was realised for a gain of not more than shillings 15,000,000
2. b)  An interest in land held by an individual that has market value of less than shillings 10,000,000 at the time it is realised and has been used for agricultural purposes for at least two of the three years prior to realisation