Hence a loss from a practice can be used to reduce taxable income. If the wife is in practice with her husband the whole income arising therein is taxed on the husband. The income of a married woman living with the husband is deemed to as the husbands income for the purpose of determining his total income. If not living together each is assessed separately. Self- employment income.
Dividend is taxable in the year it is paid out.
Non-qualifying divided are subject to further tax after the withholding tax. Where business is carried in partly in Kenya and partly out side Kenya. Total income is deemed to belong to Kenya for tax purposes. Bad debts written off. Insurance compensation relating to revenue items Foreign exchange gains.